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A 25 years old investor plans to retire at 60. She wants secure $25,000 yearly income till she is 80. She has a pension plan
A 25 years old investor plans to retire at 60. She wants secure $25,000 yearly income till she is 80. She has a pension plan that guarantees 5%. How much should she contribute? Assume that all payments are at the end of each year.
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