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You plan to retire in 24 years. You would like to maintain your current level of consumption which is $35,993 per year. You will need

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You plan to retire in 24 years. You would like to maintain your current level of consumption which is $35,993 per year. You will need to have 26 years of consumption during your retirement. You can earn 6.57% per year (nominal terms) on your investments. In addition, you expect inflation to be 4.17% inflation per year, from now and through your retirement. How much do you have to invest each year, starting next year, for 7 years, in real terms to just cover your retirement needs

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