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Now you are planning for your retirement. You expect that you will retire in 25 years. After retirement, you want to have an annual retirement
Now you are planning for your retirement. You expect that you will retire in 25 years. After retirement, you want to have an annual retirement income of $85,000 per year for 20 years (that is the life you expect to have after retirement). How much should you save each year to accomplish this goal? Assume you can earn 10% per year in your savings/investment account.
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