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Paul expects to work for 30 years and he anticipates that his retirement will last for 20 years. His desired annual spending in retirement is

Paul expects to work for 30 years and he anticipates that his retirement will last for 20 years. His desired annual spending in retirement is $50,000. Assuming a fixed annual rate of 7% during his working years and 5% during his retirement years, what should be Pauls annual contribution during the working years so that he can afford his desired retirement (rounded to the nearest dollar)?

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