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Question 2 Uncle Fred has asked for your help regarding his plans for retirement. He thinks he will need $100,000 p.a. for living expenses from

Question 2 Uncle Fred has asked for your help regarding his plans for retirement. He thinks he will need $100,000 p.a. for living expenses from his 67st birthday to his 90th birthday inclusive. You estimate that he can earn 7% p.a. compounding annually over that time. How much will he need in his retirement savings account when he retires on his 66th birthday to provide for these payments

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