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In planning for your retirement, you would like to withdraw $70,000 per year for 13 years. The first withdrawal will occur 20 years from today.

In planning for your retirement, you would like to withdraw $70,000 per year for 13 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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