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Marcia Stubern is planning for her golden years.She will retire in 20 years ,at which time she plans to begin withdrawing $60,000 annually.She is expected
Marcia Stubern is planning for her golden years.She will retire in 20 years ,at which time she plans to begin withdrawing $60,000 annually.She is expected to live for 20 years following her retirement. Her financial advisor thinks she can earn 9% annually. How much does she need to invest each year to prepare for her financial needs after her retirement? Please show work so I will get a better understanding.Thank you.
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