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I came up with $2200.60 did I do this right? Show all work. Use extra paper if needed. You want to be able to withdraw
I came up with $2200.60 did I do this right?
Show all work. Use extra paper if needed. You want to be able to withdraw $20,000 from your account each year for 15 years after you retire. You expect to retire in 25 years. If your account earns 8% annual interest (compounding annually) how much will you need to deposit each year until you retire to achieve your retirement goalStep by Step Solution
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