62. Retirement Savings. You believe you will spend $40,000 a year for 20 years once you retire...

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62. Retirement Savings. You believe you will spend $40,000 a year for 20 years once you retire in 40 years. If the interest rate is 6% per year, how much must you save each year until retirement to meet your retirement goal? (LO3)

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JAPHETH KOGEI

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