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Peter and Blair recently reviewed their future retirement income and expense projections. They hope to retire in 2 6 years and anticipate they will need

Peter and Blair recently reviewed their future retirement income and expense projections. They hope to retire in
26
years and anticipate they will need funding for an additional
18
years. They determined that they would have a retirement income of
$67,000
in today's dollars, but they would actually need
$91,689
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
2
percent inflation rate and a return of
9
percent.
1) The total amount that Peter and Blair must save if they wish to completely fund their income shortfall, assuming a
2
percent inflation rate and a return of
9
percent is
$enter your response here.

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