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29-03-2024
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You are wishing to retire in five years and believe you will need $35,000 per year in today's dollars to live comfortably. how much money you require in your first year of retirement if the cost of living is averaging an annual increase of 2.25%?
a. $39,118.72
b. $44,118.72
c. $39,181.72
d. $43,118.72
e. $29,118.72

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