Accounting Question; Time Value of Money.?

Posted on 2014-12-03 07:27:00 in Physics by ALLY

I have a time value of money.

Q. If you retired today, you would need $40,000 per year for living. Your golden years are 40 years away. If inflation is 3% per year for the next 40 years, how much would you need at that point to be as comfortable as an individual with $40,000 per year today?

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