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In planning for your retirement, you would like to withdraw $55,000 per year for 11 years. The first withdrawal will occur 20 years from today.
In planning for your retirement, you would like to withdraw $55,000 per year for 11 years. The first withdrawal will occur 20 years from today.
a) What amount must you invest today if your return is 10% per year? $
b) What amount must you invest today if your return is 15% per year? $
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