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Assume that you plan to retire in 40 years and that you estimate you will need...

Assume that you plan to retire in 40 years and that you estimate you will need an income of $60,000 at the beginning of each year for 30 years, following your retirement.

Assume that you will earn 10.00 percent during your working years and 5.50 percent after you retire.

How much must you save every month so that you will meet these goals?

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