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Questions #17 and #18 use the following setup. Jason plans to retire in 40 years and live 30 years after his retirement. He will save

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Questions #17 and #18 use the following setup. Jason plans to retire in 40 years and live 30 years after his retirement. He will save $8,000 every year, starting from next year until his retirement (i.e. 40 years from today). After retirement, Jason wants to make 30 annual withdrawals. The withdrawals are the same over years. The first withdrawal will be made in the first year after his retirement. The annual interest rate is 5%, which applies the whole time to his retirement account. Instead of 30 withdrawals, Jason wants to make perpetual withdrawals, which would go on forever. Everything else remains the same as question #17. How much can Jason withdraw each year after his retirement

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