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suppose a man is 35 years old and would like to retire at age 65. Furthermore, he would like to have a retirement fund from
suppose a man is 35 years old and would like to retire at age 65. Furthermore, he would like to have a retirement fund from which he can draw an an income of $75,000 per year-forever! How can he do it? Assume a constant APR of 6%.
He can have a retirement fund from which he can draw $75,000 per year by having $? in his savings account when he retires.
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