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Ben plans to retire in 42 years and has determined that he will be comfortable if...

  1. Ben plans to retire in 42 years and has determined that he will be comfortable if he can receive $75,000 at the beginning of each year after retirement. He will live for 25 years after retiring and will earn 6.00% on his fund after retirement. Ben will earn 12.00% on his fund will working and saving. How much must Ben save every month to meet his retirement goal?
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