Question: Thomas and Kathryn estimate they will need $ 6 5 , 0 0 0 per year in retirement in today's dollars. A . How much

Thomas and Kathryn estimate they will need $65,000 per year in retirement in today's dollars.
A. How much will they need in their first year if they retire 20 years from today and inflation is 3%?
B. How much will they need in their account the day they retire if they expect to live in retirement for 35 years, expect to earn 6% annually on investments, and expect inflation to continue at 3%?
C. How much will they need to save at the beginning of each month to achieve their retirement goal if they expect to earn 6% annually on their investments prior to retirement?
Thomas and Kathryn estimate they will need $ 6 5

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