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jack is 48 years old and wants to achieve financial independence by the age 66. he estimates that he will need an additional $1000000 to reach his goal. His average after tax portfolio returns have been 7.5% and he expects this to continue. how much will jack have to save each year to reach his goal?

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If jack in problem 26 also projects an average inflation rate of 3%, how much would he have to save each year to reach his goal?

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