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Gustav decided that he wants to retire in 25 years, and he wants to have enough saved to provide him a monthly income of $3,000

Gustav decided that he wants to retire in 25 years, and he wants to have enough saved to provide him a monthly income of $3,000 for 30 years. To date, he has no savings. He believes that he can earn 6% on his investments before and after retirement. How much does he need to save monthly to reach his retirement goal?

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