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Assume Prof. Tate is 60 years old today (she looks GOOOOD for 60) and is planning to retire in 10 years. How much money will

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Assume Prof. Tate is 60 years old today (she looks GOOOOD for 60) and is planning to retire in 10 years. How much money will she need to put in an account today so that she will be able to withdraw $50,000 per year (at the end of each year) for the 25 years she will live beyond retirement? Assume the interest rate is 8%. 25 years beyond retirement

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