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Robert wants to withdraw $100,000 a year for 30 years after he retires. He will probably work for 30 years and earn 7% interest during
Robert wants to withdraw $100,000 a year for 30 years after he retires. He will probably work for 30 years and earn 7% interest during the whole time. How much does Robert have to contribute to her pension fund each year so she can retire on $100,000 a year? Please show work. Thanks!
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