Married couples are both 30 years old. The husband accepted a job making $50,000 a year and the wife is currently unemployed. They want to plan for early retirement at age 60 with $50,000 in today's dollar to replace their income. They expect to live up to age 90 years. The inflation rate is 3% and the portfolio rate of return is 8%. Calculate the PV (present value) of retirement needs for the couple. ( the present value of their retirement goal)? Explain in simple words how you solved for the Present Value of retirement goal and the inputs (PV, FV, I/Y, N, PMT) in a financial calculator