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Your client, Robert, is concerned as to how inflation will affect his retirement income. Robert believes that inflation will average 4.5% for the first five

Your client, Robert, is concerned as to how inflation will affect his retirement income. Robert believes that inflation will average 4.5% for the first five years, 3% for the next five years, and 4% for the years remaining until he retires. What then is the correct amount, rounded to the nearest dollar, of his first-year retirement income when he retires fifteen years from today, presuming he will maintain his current standard of living which generated $50,000 in available after-tax cash this year?

A)

$87,882.86

B)

$128,043

C)

$130,088

D)

$150,272

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