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Sally Mander wants to set up a perpetual annuity for herself that will start paying $100,000 annually that will begin 25 years from now. Assuming

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Sally Mander wants to set up a perpetual annuity for herself that will start paying $100,000 annually that will begin 25 years from now. Assuming an interest rate of 8% and taking 3% inflation into account, how much will Sally need to save annually? $19,677 $27,358 $29,744 $32,578 $34,883

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