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You are planning to retire in twenty years. You'll IIve ten years after retirement. You want to be able to draw out of your savings

image text in transcribed You are planning to retire in twenty years. You'll IIve ten years after retirement. You want to be able to draw out of your savings at the rate of $10,000 per year. How much would you have to pay in equal annual deposits untll retirement to meet your objectlves? Assume a 9% return on Investment Multiple Choice $1395 $1254 $1150 $11451 $10809

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