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Sally Mander wants to set up a perpetual annuity for herself that will pay $125,000 annually and that will begin 25 years from now. Assuming

Sally Mander wants to set up a perpetual annuity for herself that will pay $125,000 annually and that will begin 25 years from now. Assuming an interest rate of 6%, how much will Sally need to save annually? $42,460 $39,607 $37,972 $34,148

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