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For your retirement you would like to receive the equivalent of $ 9 9 , 0 0 0 a year in today s dollars for
For your retirement you would like to receive the equivalent of $ a year in todays dollars for a period of years. You expect inflation to average percent a year for the next years. Yields borrowing rates equal lending rates in this perfect market without taxes are expected to be percent until retirement and percent during retirement. Your first retirement annuity is to be received years from today and your first contribution to your retirement will be at the end of this year and will be made times. You will also require $do not inflate from your retirement funds in years for an anniversary bash that you are planning. Round PV Factor" to decimal places. Round other intermediate calculations and the final answer to the nearest whole dollar.
Calculate the equal annual contributions to your retirement fund required for this all to happen. Use Appendix A and Appendix C Appendix D
Annual contribution $
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