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3. By using the capital preservation approach, calculate the capital needed at retirement for the Williamses to replace 70% of Michael's salary. 4. By using

3. By using the capital preservation approach, calculate the capital needed at retirement for the Williamses to replace 70% of Michael's salary. 4. By using the purchasing power preservation approach, calculate the capital needed at retirement for the Williamses to replace 70% of Michael's salary.

4. By using the purchasing power preservation approach, calculate the capital needed at retirement for the Williamses to replace 70% of Michael's salary.

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