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A 2 2 years old new hire ( at t = 0 ) is planning for retirement at age 6 5 ( at t =
A years old new hire at t is planning for retirement at age at t The new employee plans to save $ per year for the next years t to t The savings are estimated to earn per year on average. At the person wants to have a retirement income of $ per year or years, with the first withdrawal occurring at t right after last saving payment is deposited.
How much money must be saved each year from t to t to attain the desired retirement goal.
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