Suppose a man is 30years old and would like to retire at age 65 ​Furthermore, he would like to have a retirement fund from which he can draw an income of ​$50,000 per yearlong dash—​forever! How can he do​ it? Assume a constant APR of 5​%.

He can have a retirement fund from which he can draw ​$50,000 per year by having $ in his savings account when he retires.

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Suppose a man is 35 years old and would like to retire at age 60. Furthermore, he would like to have a retirement fund from which he can draw income of $125,000 per year— forever! How can he do it? Assume a constant APR of 8%.