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Show all steps, please. Upon your retirement in 40 years, you would like to have saved $4,500,000. How much will you have to save annually
Show all steps, please.
Upon your retirement in 40 years, you would like to have saved $4,500,000. How much will you have to save annually at 9% interest to reach your goal? Upon your expected retirement, how much will you be able to withdraw annually for 30 years (using 9%)?
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