Question
Peter and Blair recently reviewed their future retirement income and expense projections. They hope to retire in 3131 years and anticipate they will need funding
Peter and Blair recently reviewed their future retirement income and expense projections. They hope to retire in 3131 years and anticipate they will need funding for an additional 2323 years. They determined that they would have a retirement income of $77 comma 00077,000 in today's dollars, but they would actually need $105 comma 356105,356 in retirement income to meet all of their objectives. Calculate the total amount that Peter and Blair must save if they wish to completely fund their income shortfall, assuming a 33 percent inflation rate and a return of 88 percent.
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