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3.Thinking about retirement they decide to put aside 3k each year in a saving plan that earns 8% interest. In 5 years they will receive
3.Thinking about retirement they decide to put aside 3k each year in a saving plan that earns 8% interest. In 5 years they will receive a gift of 10k that also can be invested. How much money will they have accumulated 30 years from now?
If the goal was to retire with 800k of saving, how much extra do they need to save every year?
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