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Bonus: Zachary has opened a retirement account that will pay 5% interest each year. He plans to deposit 10% of his current $52,000 annual salary
Bonus: Zachary has opened a retirement account that will pay 5% interest each year. He plans to deposit 10% of his current $52,000 annual salary into the account for 40 years before he retires. How much will be in his account after he makes the last deposit? What uniform amount can he withdraw from his account for 25 years beginning one year after his last deposit? (1 pts each question)
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