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Question 5 0/1 pts You plan to retire in 25 years. You would like to maintain your current level of consumption which is $56,881 per

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Question 5 0/1 pts You plan to retire in 25 years. You would like to maintain your current level of consumption which is $56,881 per year. You will need to have 22 years of consumption during your retirement. You can earn 4.99% per year (nominal terms) on your investments. In addition, you expect inflation to be 2.33% inflation per year, from now and through your retirement. How much do you have to invest each year, starting next year, for 11 years, in nominal terms to just cover your retirement needs? You Answered 85,650.5554

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