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$100,000 per year for 20 years, with the first pary now wits a retirement income stream of one year afler your retirememr). Second, you woold
$100,000 per year for 20 years, with the first pary now wits a retirement income stream of one year afler your retirememr). Second, you woold llike received 31 years from now (exactly to your children at your dearth, which we will nould like to leave an inheritance of $1,000,000 withdrawals. To meet these goals, you will assume takes place at the end of 20 years of account each year until retirement. You plan on sposit some of your income into a savings rate of 1% per year until retirement. Your firs growing the amount you deposit at a censtant that the EAR of 7% and that you do nour first deposit will be at the end of this year. Assume A. Compuite the and starting savings. year 30) to mount that you will require in your account at your retirement date (end of year 30 ) to meet your retirement goals
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