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5. Mike wants to set aside $75,000 for Michael's education. If he set aside all of his other cash and investable assets for the purpose

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5. Mike wants to set aside $75,000 for Michael's education. If he set aside all of his other cash and investable assets for the purpose of retirement, approximately how much would he need to save every year to fund his retirement? a. $27,000. b. b. $32,000. C. C. $36,000. d. d. $43,000

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