How much annual income will require at retirement, Mathematics

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How much annual income will require at retirement

Cathy, age 35 saves 8% of the annual income of $75,000 at the end of every year for retirement. Present balance in retirement accounts $140,000. She expects to retire at age 65 with the wage replacement ratio of 75%. How much annual income will she require at 1st year or retirement? Suppose expected return and inflation to be 7% and 3% respectively?

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