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Suppose today is the first day at your new job, which you plan to stick with until you retire in 1 8 years. You currently

Suppose today is the first day at your new job, which you plan to stick with until you retire in 18 years. You currently have $110,000 in retirement plan from your former employer that you plan to put into the retirement plan of the new employer (. roll over your benefits). You also plan to contribute $ 12,000 at the beginning of each year into your new employer's plan, which earns an average annual return of 6% Required: Provide an answer to the following Round all final calculations to two decimal placesIf needed, you can access the interest tables here ( a)How much should you expect to have when you retire in 18 years? type your answer b)What is the expected annual interest rate earned during retirement you make withdrawals of $94,670 at the end of each year for 20 years during retirement? type your answer

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