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You wish to retire in 40 years. Currently, your annual living expenses are $40,000 per year. (Round your answer to the nearest penny) Assuming an

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You wish to retire in 40 years. Currently, your annual living expenses are $40,000 per year. (Round your answer to the nearest penny) Assuming an annual inflation rate of 3.5%, how much will your annual living expenses be in 40 years? $

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