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Jeffery has nothing saved for retirement. He wants to receive $ 4 9 , 0 0 0 . 0 0 per year for 4 years

Jeffery has nothing saved for retirement. He wants to receive $49,000.00 per year for 4 years during retirement. The first of these payments will be received in 7 years. Jeffery can earn a return of 9.81 percent per year. How much does Jeffery need to save each year for 6 years to have exactly enough to meet his retirement goal if he makes his first annual savings contribution in 1 year and all savings contributions are equal?
$22,303.85(plus or minus 10 dollars)
$20,311.31(plus or minus 10 dollars)
$18,496.77(plus or minus 10 dollars)
$18,157.86(plus or minus 10 dollars)
none of the answers are within 10 dollars of the correct answer
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