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You have just tumed 22 years old, received your bachelor's degree, and accepled your fest job. Now you must decide how much monoy to put

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You have just tumed 22 years old, received your bachelor's degree, and accepled your fest job. Now you must decide how much monoy to put into your retrement plan The plan wonks as loarowsy Every doliar in the plan eams 6.6% per yeat You cannot nake withdrawals unsl you relire on your 65th birthday. Ater that you can make w thdrawals as you see fi. You decide that you will plan to Tive to 100 and work unt you tuin 65 . You estimate that to live comfortably in retirement, you will need $95,000 pot year; starting at the end of the first year of retirement and ending on your 100 th bithday You will contribute the same amount to the plan at the end of every yoar that you work. How much do you need to contribule each year to fund your retirement? Your annual contritution should bes (fround to the nearetert cent)

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