Question: You plan to save $600 per month for the next 40 years until you retire. After you retire you want to withdraw $250,000 per year

You plan to save $600 per month for the next 40 years until you retire. After you retire you want to withdraw $250,000 per year for 30 years. If you expect to earn 6% after retirement, what annual rate will you need to earn until you retire to meet your goal?

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