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a) You plan to retire in 25 years and want to accumulate enough by then to have $80,000 per year for 30 years. If the
a) You plan to retire in 25 years and want to accumulate enough by then to have $80,000 per year for 30 years. If the interest rate is 10%, how much must you accumulate by the time you retire? Assume you need the $80,000 at the beginning of each year
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