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How much must you deposit each year into your retirement account starting now and continuing through year 11 if you want to be able to
How much must you deposit each year into your retirement account starting now and continuing through year 11 if you want to be able to withdraw $85,000 per year forever, beginning 25 years from now? Assume the account earns interest at 13% per year. The amount to be deposited is determined to be $ ___.
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