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Jessica is 27 years old and wants to retire at her age 67. She has a comfortable lifestyle now with total living expenses of $58,000

  1. Jessica is 27 years old and wants to retire at her age 67. She has a comfortable lifestyle now with total living expenses of $58,000 yearly. If inflation averages 2.25% yearly, what will she need for income at her age 67 to equal todays lifestyle?

  1. $121,366
  2. $197,542
  3. $150,093
  4. $141,241

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