Discussion about pre-tax income during the retirement, Accounting Basics

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Discussion about pre-tax income during the retirement

Problem: Assume that Mary and Robert need $149,748 in today's dollars annual pre-tax income during their retirement. If Mary and Robert can earn 7.9% on their investments, how much would they need when Mary is age 65 to provide for both of them in retirement? (Provide your answer as a whole number - no decimal places.)

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Accounting Basics: Discussion about pre-tax income during the retirement

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