Question: You are planning on working and saving for 30 years at which point youll live off your savings while you are retired. Assume that you

You are planning on working and saving for 30 years at which point youll live off your savings while you are retired. Assume that you earn 3% compounded monthly on your investments when you are retired and 6% compounded monthly when you are working. If you plan on being retired for 20 years and need $4,000 per month when retired, how much must you save each month when you are working?

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