Question: John, 21, is a petroleum engineering major, and plans to have a nice retirement plan. He expects he will need $100,000 in today's dollars when

John, 21, is a petroleum engineering major, and plans to have

John, 21, is a petroleum engineering major, and plans to have a nice retirement plan. He expects he will need $100,000 in today's dollars when he retires at age 61. What will $100,000 current dollar be worth when he is 617 (The inflation rate is 3%) $100,000 $421,213 O$232,120 o $326,204

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