How much must keith and dana have today to meet their goal

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Reference no: EM131338134

Keith and Dana are planning to retire today. They would like to receive $25,000 per year in today’s dollars, at the beginning of each year, for the next 25 years. Keith and Dana expect to earn 8% interest per year and inflation is expected to be 2%. How much must Keith and Dana have today to meet their goal?

Reference no: EM131338134

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