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1. You are 29 years old. You plan to save for your retirement between now and age 65 (when you retire). You would like your

1. You are 29 years old. You plan to save for your retirement between now and age 65 (when you retire). You would like your savings to finance a retirement income of $81,300 per year (at the end of the year) from age 65 to age 93. You will earn 4.30% each year on your savings. How much do you need to invest at the end of every year between age 29 and age 65 to finance your retirement plan?

A) $15,845.61 B) $21,403.45 C) $3,899.74 D) $22,430.12 E) $21,077.78

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