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You believe you will spend $145,000 a year for 18 years once you retire in 21 years. If the interest rate is 7.60% per year.

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You believe you will spend $145,000 a year for 18 years once you retire in 21 years. If the interest rate is 7.60% per year. (Do not round intermediate calculations. Round your answer to 2 decimal places.) ta 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? II $

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