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How much must you deposit each year into your retirement account starting now and continuing through year 9 if you want to be able to
How much must you deposit each year into your retirement account starting now and continuing through year 9 if you want to be able to withdraw $80,000 per year forever, beginning 31 years from now? Assume the account earns interest at 12% per year.
The amount to be deposited is determined to be $ .
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