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Bob just turned 25 and wants to retire at age 65 with $40,000 per month in retirement income. Bob estimates he can earn 11%

Bob just turned 25 and wants to retire at age 65 with $40,000 per month in retirement income. Bob estimates he can earn 11% on his investments during his working years and 4% thereafter, because he will be more conservative in his investments. Bob expects to live until age 85. How much must Bob invest each month during his working years in order to retire as planned?

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