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Calculate the funds needed at retirement, and the yearly saving to accumulate such an amount for the following data: Retirement period to cover: 30 Retirement

Calculate the funds needed at retirement, and the yearly saving to accumulate such an amount for the following data:

Retirement period to cover: 30 Retirement annuity: 30000 Rate on retirement account: 4% Rate on savings: 8% Years from retirement: 20 a. Funds Needed? b. Yearly savings?

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