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Q4) You would like to retire in 11 years. The expected rate of inflation is 04.00% per year. You currently have a standard of living

Q4) You would like to retire in 11 years. The expected rate of inflation is 04.00% per year. You currently have a standard of living that requires $7,562 of monthly expenses. Assuming you want to maintain the same standard of living in retirement, what are your monthly expenses expected to be the first year of retirement?

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