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You have just turned 22 years old, receved your bachelor's degree, and accepted your frst job. Now you mast decide haw much money to put

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You have just turned 22 years old, receved your bachelor's degree, and accepted your frst job. Now you mast decide haw much money to put inta your ierrement plan. The plan works as follow: Every dollar in the plan earns 7.35. per yoat, You cannot make withdrawals until you tetre on you 65 th birthday Ahter that you can make withdrawals as you see fit. You decide that you will plan to live to 100 and work unt you tum 65 . You estimate but to live confioratity n retrorrient, you wit neod $115,000 per yoar, starting at the ond of the first year of retirement and ending on your tooth birthday. You wil contribute the same amount b the pan at the end of every year that you work How much do you need to contribute each year to fund your fetrinment

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