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A client wants to fund part of his retirement with an annuity that he will eventually purchase for $300,000. If his accumulation phase is 5
A client wants to fund part of his retirement with an annuity that he will eventually purchase for $300,000. If his accumulation phase is 5 years long, with an 8% growth rate per year and $5000 in annual payments, how much money should the client have at the beginning of this process?
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