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Its not $2899.65 or $2900. How much must you deposit each year into your retirement account starting now and continuing through year 13 if you

Its not $2899.65 or $2900. image text in transcribed
How much must you deposit each year into your retirement account starting now and continuing through year 13 if you want to be able to withdraw $75,000 per year forever, beginning 32 years from now? Assume the account earns Interest at 12% per year The amount to be deposited is determined to be $ 2900 7:21

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