Suppose that you are currently 28 years old and expect to earn a constant real salary of

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Suppose that you are currently 28 years old and expect to earn a constant real salary of $70,000 starting next year. You are planning to work for 32 years and then retire. You currently have $0 in financial capital. You are limited to investing in the riskfree asset. The real riskfree rate is 3.0%. Develop a financial plan for real savings and real consumption over your lifetime.

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