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You really 1want to consume $3U,D a year in real dollars during retirement and wish to save an equal real amount each year until then.

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You really 1want to consume $3U,D a year in real dollars during retirement and wish to save an equal real amount each year until then. What is the real amount of savings that you need to aoeumulate by the time you retire? Calorrlate the required preretirentent real annual savings necessary to meet your consumption goals. Compare with your answer to (1:). Why is there a differenoei'lr'fhat is the nominal 1ralue of the amount you need to save during the first year? (Assume the savings are put aside at the end of each year.) The thirtieth year

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