Just going through the Schwser mocks… Noticed some subtle differences in inflation calculations
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Retirement return required next year - adjusted current living expenses for inflation, then again adds inflation to return requirement to get nominal return. Book 1, exam 1, question 2a
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Return for the coming year - does not adjust current living expenses for inflation, but adds return requirement to get nominal return. Book 1, exam 2, question 1c
Is there a difference in the meaning of coming year and next year??? Sounds stupid I know, but trying to find out why calculated differently.
Cheers