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9 1 point You expect to need $ 7 2 , 0 0 0 per year for 2 7 straight years when you retire, and

9 1

point

You expect to need $

72, 000

per year for

27

straight years when you retire, and the first annual payment will take place

42

years from today. If you wanted to fully fund your retirement with a single deposit today, how much money would you need to deposit? Use a discount rate is

8 % ?

Round your answer to the nearest dollar.

Type your answer...

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