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You hope to retire in 2 7 years. When you do , you would like to have the purchasing power of $ 1 0 4
You hope to retire in years. When you do you would like to have the purchasing power of $ today, during each year of retirement. Your cash is needed at the beginning of each year of retirement. Inflation is expected to be per year from now until the end of your retirement. Your retirement will last years. You expect your K to earn per year during your retirement years. How much money do you need at the beginning of your retirement years, to "just meet" your retirement needs? Round your answer to three decimal places. For example or will be rounded to while will be rounded to
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