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When you retire in 45 years you want to have $1.5 million worth of purchasing power. If the annual nominal rate of interest you can

When you retire in 45 years you want to have $1.5 million worth of purchasing power. If the annual nominal rate of interest you can earn is 9% and the annual inflation rate is 2.5%, how much money do you need to save every quarter in order to meet this goal?

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