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By your latest estimate you expect $80,000 per year to give you an excellent life in retirement. You expect to live 20 years after retirement

  • By your latest estimate you expect $80,000 per year to give you an excellent life in retirement. You expect to live 20 years after retirement and you will be able to earn an interest of 7%. It the first payment is expected to start one year from now, how much must you have saved today? Your answer should be an absolute number to 2 decimal places.



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