Question
If you expect to retire in 20 years, live on $60,000 per year and expect the inflation to average 3% over the next 20 years,
If you expect to retire in 20 years, live on $60,000 per year and expect the inflation to average 3% over the next 20 years, what amount of annual income will you need to live at the same comfort level in 20 years?
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Principles Of Managerial Finance
Authors: Lawrence J. Gitman, Chad J. Zutter
13th Edition
9780132738729, 136119468, 132738724, 978-0136119463
