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vitfil [10]
3 years ago
12

Suppose the inflation rate is 2% per year. If you currently think of $40,000 as an acceptable retirement income and are expectin

g to retire in 40 years, what will the equivalent annual income then be, adjusted for inflation rate of 2% per year
Business
1 answer:
Svetllana [295]3 years ago
3 0
40,000x(1.02^40)=$88,322
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