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You want to retire on the equivalent of $50,000 per year in today's money. Inflation...

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Finance

You want to retire on the equivalent of $50,000 per year in today's money. Inflation is expected to be 3%. You will retire in 30 years. You will earn 10% annually on your investments from not till retirement and you will earn 8% during retirement (which is expected to last 20 years). How much do you need to save per month in order to fund this retirement?

Please explain step by step with excel.

Thank you.

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