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When you begin your first full-time job, you plan to start saving for retirement. You hope to have $2.0 million saved by the age of

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When you begin your first full-time job, you plan to start saving for retirement. You hope to have $2.0 million saved by the age of 70 when you will retire. You expect to live for 25 years after you retire. You currently are 30 years old. If you assume interest rates will be 6% over the entire period, how much must you save each year to reach your goal? What will be your annual income in retirement? NOTE: You must show all of your work. No credit will be given for only posting an

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