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You are planning to retire in 3 5 years ( t = 3 5 ) . After retirement, you need annual withdrawals of $ 8

You are planning to retire in 35 years (t =35). After retirement, you need annual withdrawals of $80,000 from your retirement for the next 25 years. The first withdrawal will be made one year after retirement. Suppose that your retirement account can earn 3% APR. If you decide to make annual deposits to the account from the next year (t =1) until retirement (t =35), how much should you save each year?
Note: Write your answer with 2 or more decimal places

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