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Upon retirement your goal is to spend 7 years traveling around the world. To travel in the style to which you are accustomed will require
Upon retirement your goal is to spend 7 years traveling around the world. To travel in the style to which you are accustomed will require $200,000 per year at the beginning of each year. If you plan to retire in 30 years, what are the equal annual, end of year payments necessary to achieve this goal? The funds in the retirement account will compound at 10 percent annually. Round your answer to the nearest dollar.
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