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Suppose that you plan to start farming at age 2 5 and hope to retire at age 6 5 . Assume the availability of a
Suppose that you plan to start farming at age and hope to retire at age Assume the availability of a safe investment with an annual interest rate compounded quarterly. How much money would you have to divert from retained earnings per year to save enough to provide a $ annuity for retirement spending that would last for years.
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