Peter and Blair recently reviewed their future retirement income and expense projections. They hope to retire in 33

33 years and anticipate they will need funding for an additional 25

25 years. They determined that they would have a retirement income of $63 comma 000

63,000 intoday's dollars, but they would actually need $86 comma 069

86,069 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 incomeshortfall, assuming a 2

2 percent inflation rate and a return of 11

11 percent. Click on the table icon to view the FVIF table LOADING...

. Click on the table icon to view the PVIFA tableLOADING...

.

The total amount that Peter and Blair must save if they wish to completely fund their incomeshortfall, assuming a 2

2 percent inflation rate and a return of 11

11 percent is $

nothing

. (Round to the nearestcent.)