Multiple Choice
If you expect to retire in 30 years, are currently comfortable living on $50,000 per year and expect inflation to average 3% over the next 30 years, what amount of annual income will you need to live at the same comfort level in 30 years?
A) $121,363
B) $95,000
C) $20,599
D) $51,500
Correct Answer:
Verified
Correct Answer:
Verified
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