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Mr . Early and Mr . Late are born in the same year and plan to retire at 6 5 years old. Starting from age

Mr. Early and Mr. Late are born in the same year and plan to retire at 65 years old.
Starting from age 20, Mr. Early saves $1000 a month until he is 30 and then $2000 a month
until he is 40. After that, he never saves again.
Starting from age 30,Mr. Late saves $2000 a month until retirement.
Assume there is a 6% annualized return (or 0.50% monthly return) on investment.
What is the balance of the retirement portfolio for Mr. Early at retirement? (Round your answers to
the nearest thousands of dollars, without using the $,K, or , signs. For instance, if your answer is
$2,110,111, enter 2110. If your answer is $2,110,650, enter 2111.)
?A
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