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In retirement you wish to withdraw $4000 at the end of each month from your savings. If you want to have enough to last for
In retirement you wish to withdraw $4000 at the end of each month from your savings. If you want to have enough to last for 25 years, and you expect to earn 2% on you savings, how much do you need to have saved at the beginning of retirement (rounded to the nearest dollar)?
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