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Eddie Van Halen is planning his retirement. He is 30 years old and his retirement age is 58 years. (he expects to retire in 28

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Eddie Van Halen is planning his retirement. He is 30 years old and his retirement age is 58 years. (he expects to retire in 28 years). Eddie's expected pension is 31,000 annually, but he calculates his expenses to be 49,000 a year once he retires. How much Eddie should deposit in a savings account paying 5% to cover the funds needed during the first 20 years of retirement

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