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You believe you will spend $135,000 a year for 19 years once you retire in 31 years. If the interest rate is 4.60% per year.

You believe you will spend $135,000 a year for 19 years once you retire in 31 years. If the interest rate is 4.60% per year.

a. How much must you need saved once you reach retirement. $
b. how much must you save each year until retirement to meet your retirement goal?

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