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Amir is planning to save for retirement. He would like to save $6,000 per year starting one year from now. He expects to make 5%
Amir is planning to save for retirement. He would like to save $6,000 per year starting one year from now. He expects to make 5% interest on the savings and retire 35 years from now. a. (1 point) How much will Amir have in the retirement savings account on the day he retires? b. (1 point) If Amir would like to withdraw an equal amount from the retirement savings account each year for 25 years, starting one year after retirement, how much can he withdrawal every year? Please show your work (e.g., Excel functions and the numerical inputs). Round your answer to two decimal places
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