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Samuel Survivor is planning to save for retirement 35 years from now. He expects to live 25 years beyond that, and would like an annual

Samuel Survivor is planning to save for retirement 35 years from now. He expects to live 25 years beyond that, and would like an annual retirement income of $38,500 after tax of 30%. How much must Samuel Survivor save each year to accumulate the lump sum needed to fund retirement, at an expected annual return of 11.2%?

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