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Today, you are 20 years old with $2,000 of savings. You want to retire at the age of 55 with a monthly income of $6,000.

Today, you are 20 years old with $2,000 of savings. You want to retire at the age of 55 with a monthly income of $6,000. You expect to live to 95. If you think you can earn 6%, compounded monthly, both before and after retirement, how much should you save each month for the next 35 years so that you can reach your retirement savings goal?

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