Suppose you wish to retire in 43 years on a fixed income equiva- lent to $66,000.00 in today's dollars. Also suppose that inflation over the coming years is 2.4 percent on average. How much money, per...

Extracted text: Suppose you wish to retire in 43 years on a fixed income equiva- lent to $66,000.00 in today's dollars. Also suppose that inflation over the coming years is 2.4 percent on average. How much money, per year, will you need to invest starting now, with zero initial investment, to attain the necessary nest egg for retirement if your investment pays a 5.2 percent yield? Round your answer to the nearest dollar.