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You are a financial adviser working with a client who wants to retire in eight years. The client has a savings account with a local

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You are a financial adviser working with a client who wants to retire in eight years. The client has a savings account with a local bank that pays 9% annual interest. The client wants to deposit an amount that will provide her with $1,006,000 when she retires. Currently, she has $302,400 in the account. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) How much additional money should she deposit now to provide her with $1,006,000 when she retires? (Round your answer to nearest whole dollar.) Additional deposit amount An investment will pay $15,500 at the end of each year for eight years and a one-time payment of $155,000 at the end of the eighth year. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor(s) from the tables provided.) Determine the present value of this investment using a 6% annual interest rate. (Round your answer to the nearest whole dollar.) Present value of investment

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