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You are practicing for your exam by performing a retirement calculation: retire in 30 years from today, withdraw $90,000 per year for 20 years (assuming

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You are practicing for your exam by performing a retirement calculation: retire in 30 years from today, withdraw $90,000 per year for 20 years (assuming no withdrawal after 20 years). This is the complex plan meet the retirement goal in the problem: first, employer contribution of $1,500 annually until retirement, i. 30 years' contribution. Second, a distribution of $25,000 from a family trust 20 years from today. What amount must the subject of this problem deposit annually to meet the retirement goal if 8% is the appropriate interest rate? 6024 There is not enough information to calculate the amount that you have to deposit in the scenario described. 6824 5824

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