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Please provide the calculation ..ooo T-Mobile 12:32 PM learningcatalytics.com Refresh Session 36240626 Log out multiple choice question You are 30 years old today. You will

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..ooo T-Mobile 12:32 PM learningcatalytics.com Refresh Session 36240626 Log out multiple choice question You are 30 years old today. You will start saving on your 31st birthday. You will save every year up to (and including) your 60th birthday. (30 saves.) You will retire on your 60th birthday. You will commence withdrawing your retirement income on your 61st birthday. Your retirement withdrawal is $90,000 per year. You will make your last withdrawal on your 85th birthday. (25 withdrawals.) The interest rate is 5%. How much should you save each year for retirement? 30 60 85 Save $X per year 90,000 per year First save at age 31 First withdrawal at age 61 A. $18,105 B. $19,092 C. $21,513 D. $25,885 E. $28,988

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