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Mrs. Smith is planning for her retirement. Her goal is to withdraw $3,500 per month for 25 years. She will be conservative in her retirement

Mrs. Smith is planning for her retirement. Her goal is to withdraw $3,500 per month for 25 years. She will be conservative in her retirement years and only expects her investments to grow at 2%. What is the principle that Mrs. Jones will need in her retirement account in order to accomplish her goals?

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