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Your current income is​ $50,000 per​ year, and you would like to maintain your current standard...

Your current income is​ $50,000 per​ year, and you would like to maintain your current standard of living​ (i.e., your purchasing​ power) when you retire. If you expect to retire in 30 years and expect inflation to average​ 3% over the next 30​ years, what amount of annual income will you need to live at the same comfort level in 30​ years?

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jeff jeffy answered 2 years ago
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