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Posted on Sep 13, 2024

You are 2 0 years old. You want to retire when you are 5 0 with an annual income of $ 1 0 0 ,

You are

20

years old. You want to retire when you are

50

with an annual income of $

100, 000 .

Find how much you have to save each year to meet this goal. Assume the interest rate is

6 %

and you plan to live forever.

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