Suppose that you are currently 30 years old and expect to earn a constant real salary of

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Suppose that you are currently 30 years old and expect to earn a constant real salary of $80,000 starting next year. You are planning to retire at age 70. You currently have $0 in financial capital. You are limited to investing in the riskfree asset. The real riskfree rate is 1.0%. Develop a financial plan for real savings and real consumption over your lifetime.

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