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You are 40 years old and want to retire at age 60. Each year, starting one year from now, you will deposit an equal amount

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You are 40 years old and want to retire at age 60. Each year, starting one year from now, you will deposit an equal amount into an investment account that pays 4.5% interest. The last deposit will be on your both birthday on your oth birthday you will switch the accumulated savings into a safer bank account that pays only 3.4% interest. You will withdraw your anal come of $110.000 at the end of that year on your 61st birthday) and each subsequent year until your goth birthday. On that birthday you want to give $300,000 to your children, How much do you how to save each year to make this retirement plan happen? How much do you have to une pet your during your working years in der to achieve your retirement goal? Hard to the nearest cert 087888

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