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Show me the steps to solve You have determined that you want to have $ 1 1 7 , 7 0 4 per year in

Show me the steps to solve You have determined that you want to have $117,704 per year in retirement income. You plan to retire at age 65 and have a life expectancy of 90 years (i.e.25 years after retirement). If your retirement nest egg will earn an average rate of return of 8.54%, how much must you have waiting for you in your nest egg when you retire? State your answer to the nearest whole dollar.

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