Mark and Dorothy are wondering what their cost of living will be the first year that they retire, based on a current living cost of $120,000 per year. Assume an inflation rate of 4% annually. How much will their annual living cost be 10 years from now?

$124,800.00

$240,000.00

$177,629.31

$1,440,732.85

Question

07-10-2022
Business

Answered

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Mark and Dorothy are wondering what their cost of living will be the first year that they retire, based on a current living cost of $120,000 per year. Assume an inflation rate of 4% annually. How much will their annual living cost be 10 years from now?

$124,800.00

$240,000.00

$177,629.31

$1,440,732.85

Sagot :

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