Question: Seth and Nicole determine that they will need the equivalent of $5,200 monthly income (in today's dollars) to retire comfortably. If they will retire

Seth and Nicole determine that they will need the equivalent of $5,200 monthly income (in today's dollars) to retire comfortably. If they will retire in 30 years and inflation runs at 3.5%, what is the actual monthly income they will need upon retirement to meet this goal?

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