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Consider the table to the right. Suppose that you are planning your retirement. The appropriate interest rate for computing the present values of future dollars
Consider the table to the right. Suppose that you are planning your retirement. The appropriate interest rate for computing the present values of future dollars to be received is percent, and you plan to "cash in all of what you save for retirement this year in exactly years. How many dollars would you have to save this year to ensure being able to have a total of $ accumulated years from now?
Since you want to have $ available years from now for your retirement, you would need to save $ this year in order to meet your goal. Enter your response rounded to the nearest whole number.
Discounted Present Values of $
tableYear
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