Essay
A national organization for retired persons claims that a retiree should have 9 years worth of income saved plus any additional amount needed to relocate (if desired) after retirement. The annual inflation rate is approximately 1.3%. A person who currently earns $38,000 per year wishes to relocate upon retirement. The move would cost $17,700 in today's money. Create a function for the amount this person should plan to have in savings at retirement if they plan to retire in t years.
Correct Answer:
Verified
Correct Answer:
Verified
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