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Tom Evers an attorney is planning for retirement. He earns $ 1 2 6 , 0 0 0 a year and estimates that he will

Tom Evers an attorney is planning for retirement. He earns $

126, 000

a year and estimates that he will need

80 %

of his salary for retirement in

10

years. Tom invests him money in Citizen's Bank at

6 %

compounded quarterly. How much money would Tom have to put in the bank today to have enough for retirement?

q,

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