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Alexander, a financial planner, has determined that George, his client needs $1.85 million at age 68 to retire by using an annuity model based on

Alexander, a financial planner, has determined that George, his client needs $1.85 million at age 68 to retire by using an annuity model based on a retirement income of $125,168.85 per year until age 95. If the earnings rate was 7% and the inflation rate was 2%, what additional amount would be needed at age 68 to provide a capital preservation model solution?

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