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Beth has just had her 50th birthday. She has two children. One will go to college 4 years from now and require four year beginning-of-year

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Beth has just had her 50th birthday. She has two children. One will go to college 4 years from now and require four year beginning-of-year payments for college expenses, $18,000, $19,500, $20,500, and $21,500. The other will go to college 9 years from now and require four year beginning-of-year payments for college expenses, $22,500, $24,000, $25,500, and $27,000. In addition, Beth plans to retire in 15 years. Beth wants to be able to withdraw $100,000 per year (at the end of each year) from an account for 25 years. The first withdraw occurs on her 66th birthday What equal, annual, end -of-year amount must Beth save for each of the next 15 years to meet these goals if all savings earn an 8% annual rate of return

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