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you plan to entire in 40 years and desire a $1600000 retirement fund. (a) how much do you need to save each year to achieve
you plan to entire in 40 years and desire a $1600000 retirement fund. (a) how much do you need to save each year to achieve the above, assuming you can get a 11% average annual return.(b)how would you answer in(a) above change if you wanted to have an inflation adjusted equivalent of $1600000 if you estimate that inflation will be 2% per year on average.
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