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Available upon retirement in 20years, a $12,000 shortfall has been estimated in the lumpsum. How much regular savings at the end of each year over

Available upon retirement in 20years, a $12,000 shortfall has been estimated in the lumpsum.

How much regular savings at the end of each year over the next 20 years is required to cover this shortfall assuming the rate of return is 6.5%?

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