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3 Question 9 (0.5 points) Your employer has promised you a pension of $20,000 per year in retirement. How much money must be invested in

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3 Question 9 (0.5 points) Your employer has promised you a pension of $20,000 per year in retirement. How much money must be invested in the pension fund at retirement in order to fully fund your pension for 20 years if the pension fund earns a 5% return in each year? Your Answer: 8

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