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woodrow williams of mesa is 35 years old today and is beginning to plan for his retirement. he wants to set aside an equal amount
woodrow williams of mesa is 35 years old today and is beginning to plan for his retirement. he wants to set aside an equal amount at the end of each of the next 25 years so that he can retire at age 60. he iexpects to live to an age of 80 and then begins to withdraw $50,000 per year from the amount on his 61st through 80th birthdays. the account his credit union is expected to earn 10% for the entire period of time. determine and explain the size of the annual deposit that he must make to realize his retirement goal so that he can live happily thereafter
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