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Question 14 1 pts You plan to retire in 21 years. You would like to maintain your current level of consumption which is $46,728 per

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Question 14 1 pts You plan to retire in 21 years. You would like to maintain your current level of consumption which is $46,728 per year. You will need to have 21 years of consumption during your retirement. You can earn 5.91% per year (nominal terms) on your investments. In addition, you expect inflation to be 4.42% inflation per year, from now and through your retirement. How much do you have to invest each year, starting next year, for 8 years, in real terms to just cover your retirement needs

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