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Carrie is now at the age of 30. She plans to retire at 60 and expects...

Carrie is now at the age of 30. She plans to retire at 60 and expects to live for 25 more years after retirement. Currently, she is spending $5,000 per month. Given that a bank is paying a nominal APR of 15.03% (compounded monthly), and the inflation rate (expressed as monthly compounded APR) is 3%, how much does she need to save every month in real terms if she wants to maintain her current lifestyle after retirement?

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