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You are 21 and want to retire at the age of 65. Starting on your retirement date youd like to have an annuity paying $50,000
You are 21 and want to retire at the age of 65. Starting on your retirement date youd like to have an annuity paying $50,000 per year until you are 85. Your uncle is giving you $10,000 this year to get you started on your savings. How much more would you need to save each year to finish funding your retirement? Interest rates are 6%.
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