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44. Today is your 25 birthday and you have a dream of retiring on your 65 birthday. You want to put aside however much is

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44. Today is your 25 birthday and you have a dream of retiring on your 65" birthday. You want to put aside however much is necessary on your 31" through 65birthdays (35 annual payments) to have enough to retire. You've estimated that you will live until you are 90 and you want the first withdrawal to occur on your 66 birthday, with the last payment occurring on your 90 birthday. You think that you will need $175,000 per year to spend during retirement. You estimate constant interest rates of 10.25%. Assuming that you currently have $10,000 deposited in your retirement account, how much must you put aside each year in order to have sufficient money to retire at age 65? 45. Daigo Dojima recently invested 55,500 in a project that is promising to return 2.25 percent per year. The cash flows are expected to be as follows: End of Cash Year Flow 1 $1000 950 875 222 850 Note that the 4-year cash flow is unknown. Assuming the present value of this cash flow stream is $7.500 (that is, CFO - - 7500), what is the missing cash flow value (that is what is the cash flow at the end of the year)

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