Question: A client is concerned about the impact that inflation will have on her retirement income. The client currently earns $38,000 per year. Assuming that inflation

A client is concerned about the impact that inflation will have on her retirement income. The client currently earns $38,000 per year. Assuming that inflation averages 2.25% for the first five years, 2.5% for the next five years and 3.25% for

the remaining time until retirement. What amount must her first-year retirement income be when she retires 13 years from now if she wants to equal the purchasing power of her current earnings.

O $54.998

O $55,675

O $52.892

O $53.800

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