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Retirement Savings You believe you will spend $ 2 2 5 , 0 0 0 a year for 3 0 years once you retire in

Retirement Savings
You believe you will spend $225,000 a year for 30 years once you retire in 12 years. If the interest rate is 7.90% per year. (Do not round intermediate calculations. Round your answer to 2 decimal places.)
a. How much must you need saved once you reach retirement.
b. how much must you save each year until retirement to meet your retirement goal?
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