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Robin, age 37, is planning for her retirement which she expects to be at age 62. She anticipates spending 35 years in retirement. Robin also

Robin, age 37, is planning for her retirement which she expects to be at age 62. She anticipates spending 35 years in retirement. Robin also has a daughter who she wishes to leave an inheritance to. She currently makes $100,000 per year and anticipates needing 80% of her income when she retires. She anticipates social security will provide her with $15,000 per year at age 62 in today's dollars. She believes her investments will return 11% and inflation will be 2%. How much must Robin have accumulated as of the day she retires to adequately provide for her retirement lifestyle and provide her daughter with an inheritance equal to the amount she retired with? (capital preservation model)

A. 1,247,032

B. 1,175,628

C. $1,279,360

D. 1,205,331

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