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Sally Mander wants to set up a perpetual annuity for herself that will pay $80,000 annually that will begin 40 years from now. Assuming an

Sally Mander wants to set up a perpetual annuity for herself that will pay $80,000 annually that will begin 40 years from now. Assuming an interest rate of 8% during her retirement years and an impact of inflation of 3%, how much will Sally need to save annually?

a 7,245

b 8, 243

c 6176

d 9241

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