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You believe you will spend $40,000 a year for 20 years once you retire in 35 years. If the interest rate is 5% per year,

You believe you will spend $40,000 a year for 20 years once you retire in 35 years. If the interest rate is 5% per year, how much must you save each year until retirement to meet your retirement goal?

$7502.97

$3450,77

$5169.48

$7491.34

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