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You are 21 and want to retire at the age of 60. Starting on your retirement date youd like to have an annuity paying $25,000

You are 21 and want to retire at the age of 60. Starting on your retirement date youd like to have an annuity paying $25,000 per year for 25 years. How much would you need to save today to fund this annuity? Interest rates are 6%

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