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Question 4 You are the benefit plan manager for a firm. How much should an employee put aside every year in the firm's retirement plan

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Question 4 You are the benefit plan manager for a firm. How much should an employee put aside every year in the firm's retirement plan so that the employee who will retire in 45 years can receive a payment of $20,000 per year for 20 years. The retirement plan is invested to earn 3% per year. Show your work

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