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Upon retirement, your goal is to spend 5 years traveling around the world. To travel in the style to which you are accustomed will require
Upon retirement, your goal is to spend 5 years traveling around the world. To travel in the style to which you are accustomed will require $270,000 per year at the beginning of each year. If you plan to retire in 25 years, what are the equal, annual, end-of-year payments necessary to achieve this goal? The funds in the retirement account will compound at 12.8 percent annually.
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