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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

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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 interest rate of 5% during her retirement years and an interest rate of 8% for the next 40 years, how much will Sally need to save annually? $6176 $5298 $4679 $3860

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