What is the total retirement fund they will need to support

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Reference no: EM133664203

Problem: Gary and Linda assume they will need $70,000 at the beginning of each year in today's dollars when they retire in 6 years. The couple is assuming an annual inflation rate of 4% and a 7.5% after-tax return on all their investments. They are also assuming a 25-year retirement period. What is the total retirement fund they will need to support their retirement income goal?

Reference no: EM133664203

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