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Q 6 Kenneth estimates he will need a $ 7 5 , 0 0 0 annual income in today's dollars when he retires 1 0
Q Kenneth estimates he will need a $ annual income in today's dollars when he retires years from now. He assumes a annual rate of inflation, a aftertax rate of return on his investments, and a year retirement period. What lumpsum amount should Kenneth accumulate over the next years to support his retirement income need?
a $
b $
c $
d $
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