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Brad wants to retire as a millionaire in todays dollars. He is 24 years old, has no money invested yet, and plans to work until
Brad wants to retire as a millionaire in todays dollars. He is 24 years old, has no money invested yet, and plans to work until full retirement at age 67. His financial advisor believes that he could average 5% annual return on his account. The bad news is that inflation will reduce his buying power by 3% per year on average. How much should Brad save each month to meet his goal?
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