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Alex plans to retire on his 65th birthday. However he plans to work part time until he turns 75. During these years of part-time work
Alex plans to retire on his 65th birthday. However he plans to work part time until he turns 75. During these years of part-time work he will neither and make deposits to nor make withdrawals from his retirement account. Exactly one year after the day he turns 75 when he fully retires he will begin to make annual withdrawals of $162,797 from his 26th birthday to his 65th birthday. What does his contributions have to be with a 4% interest rate?
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