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You are planning to save for your retirement in 30 years and will save $885 per month to fund your retirement. Before you retire, you

You are planning to save for your retirement in 30 years and will save $885 per month to fund your retirement. Before you retire, you expect to earn an APR of 10.7 percent compounded monthly. After you retire, you want to withdraw $16,400 per month for 30 years. What is the APR do you have to earn after you retire for this plan to work? What is the EAR you need to earn after you retire?

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