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A. You believe you will need to have saved $750,000 by the time you retire in 45 years to live comfortably. If the interest

A. You believe you will need to have saved $750,000 by the time you retire in 45 years to live comfortably. If the interest rate is 4.5% per year, how much must you save each year to meet your retirement goal? B. State and describe the underlying assumptions which you invoke in your calculation. C. Describe how the 'time value of money' concept informs the calculations you have performed to answer the question.

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