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er Hanna and Otto currently are planning for retirement. They feel they will need to receive a payment of $85.000 each year for 30 years.
er Hanna and Otto currently are planning for retirement. They feel they will need to receive a payment of $85.000 each year for 30 years. If Hanna and Otto's investments that are the source of this payment are achieving a 6.5% annual return over the course of their retirement, what amount must Hanna and Otto have accumulated at the time of their retirement to fund this payment?
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