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? How much does Herbert need to save each year for 8 years as a regular savings payment if he wants to retire in exactly
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How much does Herbert need to save each year for 8 years as a regular savings payment if he wants to retire in exactly 8 years with 51,075,000.00, can earn 14.38 percent on his savings; starts making regular savings payments in exactly 1 year, and saves an equal amount each year with one exception, which is that in 3 vears. he olans to make an extra contribution of $30,800.00 to savings?(HOUND THE VALUE TO 0 DECIMUL AND ENTER THE POSITIVE VALUE) QUESTION 2 Herbert wants to resire whh $1,078,00000 Haw much does Herbert need to save each year for 11 years it he wants to retre in exactly 11 yeass, can earn 11.77 percent on his simngs, starts saving in exactly 1 year, sives an equal amount each year, and hiss $40,800.00 in his account todiw? Round the value to 0 decimal and enter the postive value) Step by Step Solution
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