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Lisa expects to retire in 25 years, and she expects to live 25 years after she retires. Lisa would like to have $66K available at
Lisa expects to retire in 25 years, and she expects to live 25 years after she retires. Lisa would like to have $66K available at the beginning of each year of her retirement. How much would Lisa need to deposit at the end of each of the next 13 years in order for her to reach her retirement objective? The deposits will be made into an account that earns 10% interest.
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