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Mr . Burns, age 8 0 8 0 , wants to retire at age 1 0 0 . Once Mr . Burns retires, he wants
Mr Burns, age wants to retire at age Once Mr Burns retires, he wants to withdraw $ billion at the beginning of each year for years from an account that will pay percent annually. In order to fund these withdrawals, Mr Burns will make equal endoftheyear deposits in the same accountie one that will pay percent annually
a How much money will Mr Burns need at age andb how large of an annual deposit must he make to fund this retirement account?
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a How much money will Mr Burns need when he retires?
$enter your response here billion Round to three decimal places.
b How large of an annual deposit must he make to fund this retirement account?
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