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Sally Mander feels like she could live on $75,000 annually forever adjusting for 3% inflation when she retires in 35 years. She realizes that inflation
Sally Mander feels like she could live on $75,000 annually forever adjusting for 3% inflation when she retires in 35 years. She realizes that inflation will slowly reduce her buying power over her retirement years. Sally feels that she will be able to earn 8% on any deposits made up to her retirement and 6% in her account after retirement. How much will Sally need to save annually over the next 35 years to reach her retirement goal?
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