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You are to retire in 30 years. You plan to spend $40,000 per year in retirement, which should last about 30 years. Assume 10% interest

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You are to retire in 30 years. You plan to spend $40,000 per year in retirement, which should last about 30 years. Assume 10% interest rate on retirement savings. If you save annually, how much do you need to save each year

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