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You believe you will spend $240,000 a year for 24 years once you retire in 30 years. If the interest rate is 4.60% per year.

You believe you will spend $240,000 a year for 24 years once you retire in 30 years. If the interest rate is 4.60% per year. (Do not round intermediate calculations. Round your answer to 2 decimal places.) $ 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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