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Una Day is planning to retire in 11 years, at which time she hopes to have accumulated enough money to receive an annuity of $26,000
Una Day is planning to retire in 11 years, at which time she hopes to have accumulated enough money to receive an annuity of $26,000 a year for 16 years of retirement. During her pre-retirement period she expects to earn 12 percent annually, while during retirement she expects to earn 14 percent annually on her money.What annual contributions to this retirement fund are required for Una to achieve her objective and sleep well at night?
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