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Question 6 1 pts You plan to retire in 30 years. You would like to maintain your current level of consumption which is $51,171 per
Question 6 1 pts You plan to retire in 30 years. You would like to maintain your current level of consumption which is $51,171 per year. You will need to have 20 years of consumption during your retirement. You can earn 4.41% per year (nominal terms) on your investments. In addition, you expect inflation to be 2.11% inflation per year, from now and through your retirement. How much do you have to invest each year, starting next year, for 14 years, in nominal terms to just cover your retirement needs
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