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Carl has decided that he would like to spend $60,000 per year in retirement. If he is eligible to receive $20,000 per year from Social

Carl has decided that he would like to spend $60,000 per year in retirement. If he is eligible to receive $20,000 per year from Social Security, he expects to be retired for 25 years, and his investments will continue to earn 5% in retirement, how much does he have to have accumulated in order to retire?

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