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Ally Gator is planning on retiring in 25 years-at age 65-and estimates that she will live for an additional 20 years. During her retirement years
Ally Gator is planning on retiring in 25 years-at age 65-and estimates that she will live for an additional 20 years. During her retirement years she wants to be able to withdraw $125,000 annually. If Ally assumes that she will earn 9% during her working years (up to retirement) and 6% during her retirement years, how much will she need to save annually?
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