Question: Question 5 (0.5 points) Retake question I accepted my first job with a $41000 salary, and is already looking forward to retirement in 40 years.
Question 5 (0.5 points) Retake question I accepted my first job with a $41000 salary, and is already looking forward to retirement in 40 years. I need 70 percent of my'current net income (in today's dollars) each year to live after retirement. M Y expected tax rate after retirement is 10 percent. The inflation is expected to be 5% annually. What is my before-tax annual income I need for retirement in the retirement year's dollars (i.e., 40 years from now. Please keep zero decimal place)? Your
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