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We wish to save $25,000 per year for 10 years and will earn 8.5% (the payment will go in at the beginning of each period).

We wish to save $25,000 per year for 10 years and will earn 8.5% (the payment will go in at the beginning of each period). At the end of 10 years we wish to withdraw a constant annual payment for 25 more years (assume at the beginning of the year) Assume an interest rate of 5.5% during the distribution period.

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