Kelsey W.

asked • 11/25/20

Suppose you want to have the equivalent of $45,000 in today’s dollars in the year you retire(2062). How much is this? Assume the annual inflation rate is 3.2% between now and the year you retire.

Please show the steps so I can use the example for other questions !

1 Expert Answer

By:

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

OR

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.