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All answers are to be rounded to the nearest whole number and proper usage of commas is expected. Do not include dollar signs, please. You
All answers are to be rounded to the nearest whole number and proper usage of commas is expected. Do not include dollar signs, please. You wish to retire in 40 years. At that time, you want to have enough to provide for an income of $85,000 per year for 20 years. How much will you need to invest per year for those 40 years to reach that goal? Assume annual compounding and an average rate of 7.0%
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