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Problem 20 Intro You just turned 23 years old and want to retire when you turn 65. You expect to live for 25 years after

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Problem 20 Intro You just turned 23 years old and want to retire when you turn 65. You expect to live for 25 years after retirement and want to withdraw $50,000 per year in retirement, starting on your 65th birthday. You expect to earn a return of 4% on your investments every year. Part 1 | Attempt 1/10 for 10 pts. What is the total present value (as of your 65th birthday) of the withdrawals you expect to make in retirement? 0+ decimals Submit Part 2 | Attempt 1/10 for 10 pts. You want to save a constant amount every year. How much money should you save each year if you make the first deposit now and the last one one year before you turn 65? 0+ decimals Submit

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