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Susan would like to receive $ 5 0 , 0 0 0 in the first year of her financial independence at age 6 0 .
Susan would like to receive $ in the first year of her financial independence at age After this first income payment, she is content with her annual income growing at the rate of per annumbelowthe rate of inflation. She would like this income to be paid indefinitely. She expects inflation to be per year and her investments to achieve nominal returns of per year compounded yearly Assuming that all calculations are to be performed in real terms, how much does she need to save for financial independence to the nearest dollar
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