Suppose that you wish to save enough to fund $4,500 per month (in today's purchasing power) for 30 years of retirement. The fund you invest in during your working (or saving) years is expected to earn interest at 6% AR. At retirement, you will move your retirement funds into a less risky investment earning 4% AR. If you are 35 years from retirement, find the level of monthly savings (in current dollars) that will be required.

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