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After one year of employment, Hasan has joined his company's pension plan. He estimates he will retire in 35 years, and will be retired for

After one year of employment, Hasan has joined his company's pension plan. He estimates he will retire in 35 years, and will be retired for a total of 25 years. During his retirement, he will need $50,000 at the beginning of each year. At a discount rate of 4%, compounded quarterly, what should be his savings goal?

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