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You plan to retire in 2 0 years and want to plan for an annual income of $ 5 0 , 0 0 0 per

You plan to retire in 20 years and want to plan for an annual income of $50,000 per year for 15 years after retirement. You can currently earn 10% APR compounded monthly on money you save, but after retirement your investments will be more conservative and only earn 6% nominal compounded quarterly. How much money will you need to save each year for 20 years to enable this scenario?

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