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You are planning for retirement. You just turned 50 years old and have $2 million saved for retirement. Starting from today, you expect to save

You are planning for retirement. You just turned 50 years old and have $2 million saved for retirement. Starting from today, you expect to save $50,000 each year through age 70. You also expect to get a $2 million inheritance at age 60. a. Assuming that you earn 4% on both current and future savings, how much should you expect to have in savings when you are 70 years old?

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