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Hanan is 55 years old now and she plans to retire at the age of 60 years old, 5 years from now. Hanan wishes to

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Hanan is 55 years old now and she plans to retire at the age of 60 years old, 5 years from now. Hanan wishes to receive $30,000 at the end of each year for 10 years after the age of 60. Hanan plans to move to a retirement home once she is 70 years old and she is not concerned with any cash flows after the age of 70. Assume a 10% rate of return/discount rate throughout this question. At what age Hanan should have invested $10,000 in order to achieve her retirement goal? ( assume a 10% rate of return) Choose... How large a fund will Hanan need when she retires in 5 years (at age 60) to provide the How large a fund will Hanan need when she retires in 5 years (at age 60) to provide the 10-year, $30,000 retirement annuity? Choose... How much money should Hanan have today (at age 55) as a single amount to provide the 10-year, $30,000 retirement annuity? Choose

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