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Stefani German, a 40-year-old woman, plans to retire at age 65 , and she wants to accumulate $410,000 over the noxt 25 years to supplement

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Stefani German, a 40-year-old woman, plans to retire at age 65 , and she wants to accumulate $410,000 over the noxt 25 years to supplement the retirement programs provided by the foderal 50% bonds: Stefani currently has $32,620 that at an annual rote of retum of 6$ w will grow to about $140,000 by her 65 hin birthday (the $140,000 flgure is found using tme value of money techniques. Chapler 4 Append x.) Stefani consults a financial advisor to determine how much money she should save each year to meet her retirement savings objective. The advisor talls slefani that if she saves about a. How much addifional money does Stefani need to accumulate over tme to reach her goal of $410,000 ? b. How much must Stetani sove to accumulate the sum calculated in part a over the prit 25 y ars? a. To reach her goal of $410,000, Stefani needs to accumulate \& (Round to the nearest dotur) (Round to the nearest cant)

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