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Your client is a 25-year-old professional. His investments will have an average return of 8%; Average inflation is 3.0%. He will withdraw money in retirement

Your client is a 25-year-old professional.

His investments will have an average return of 8%; Average inflation is 3.0%.

He will withdraw money in retirement at the beginning of each year of retirement (45 years from today).

2. How much will this client need to have saved by the time he retires, if he expects to be retired for 25 years

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