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Matthew's friend, Gregory, has hired a financial planner for advice on retirement. Considering Gregory's current expenses and expected future lifestyle changes, the financial planner has
Matthew's friend, Gregory, has hired a financial planner for advice on retirement. Considering Gregory's current expenses and expected future lifestyle changes, the financial planner has stated that once Gregory crosses a threshold of $ in savings, he will have enough money for retirement.Gregory has nothing saved for his retirement yet, so he plans to start depositing $ in a retirement fund at a fixed rate of at the end of each year. It will takefor Gregory to reach his retirement goal.
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