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Judy is 70 years old and receives an annual distribution of $52,000 from her 401k plan. She also collects $19,000 in benefits from Social Security.
a) How much does Judy receive annually? $
b) If inflation is 1%, what is the real value of Judy's 401k distribution? $
c) After inflation, what is the real value of Judy's Social Security benefits? $
d) After counting for inflation, what is the real value Judy receives annually? $
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