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You believe you will spend $30,000 a year for 10 years once you retire in 20 years. If the interest rate is 5% per year,

You believe you will spend $30,000 a year for 10 years once you retire in 20 years. If the interest rate is 5% per year, how much must you save each year until retirement to meet your retirement goal? Annual Savings ______ ?

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