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Many experts today claim that the average retiree in 2022 needs approximately $50,000 in gross annual income to retire comfortably. Assume that you are 20

Many experts today claim that the average retiree in 2022 needs approximately $50,000 in gross annual income to retire comfortably. Assume that you are 20 years old in today. Historically the inflation rate has averaged 5.00%. If the average inflation rate continues in the future, what gross income will you require when you retire at age 65?

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