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Business, 10.10.2019 05:10 petertester7up

Jason has determined he will have an annual retirement income deficit. the deficit for the first year of retirement, 10 years from now, is $90,000. he expects to be in retirement for 30 years, and believes he can earn a 7% after-tax annual return on invested dollars. inflation is expected to average 4% annually over this same period. what is the amount of lump-sum retirement funds needed by jason at the beginning of retirement to fund his additional retirement income needs? (round to the nearest dollar.)

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