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4 x fx A B D E F G H Z 3 4 5 6 7 8 9 10 Question 1, Part E (30 Points)

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4 x fx A B D E F G H Z 3 4 5 6 7 8 9 10 Question 1, Part E (30 Points) Your friend Gabriel is working on his retirement financial plan and has asked you for help understanding his situation. Gabriel is 25 years old and plans to retire when he turns 65. He has saved up some money for retirement and has a balance of $40,000 in his retirement account today. Gabriel would like to have an annual income of $100,000 (paid out at the beginning of the year) when he retires and expects to live to age 90. He expects that his retirment account will earn 8% until he turns 65 and 6% after he retires. Gabriel would like to know how much he should put aside each year until he retires in order to meet his retiremtn goals? 12 13 15 16 18 21 23 24 Question 1 - Part A Question 1 - Part 3 Question 1 - Part Question Part Question 1 - Parte Q 18 S esc 80 53 52 @ $ A &

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