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Business, 25.02.2020 05:26 lovelyheart5337

G + Peter and Blair recently reviewed their future retirement income and expense projections. They hope to retire in 26 years and anticipate they will need funding for an additional 14 years. They determined that they would have a retirement income of $72 comma 000 in today's dollars, but they would actually need $104 comma 384 in retirement income to meet all of their objectives. Calculate the total amount that Peter and Blair must save if they wish to completely fund their income shortfall, assuming a 4 percent inflation rate and a return

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