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You have just turned 3 9 years old, have just received your MBA, and have accepted your first job. Now you must decide how much

You have just turned 39 years old, have just received your MBA, and have accepted your first job. Now you must decide how much money to put into your retirement plan. The plan works as follows: Every dollar in the plan earns 10% per year. You cannot make withdrawals until you retire on your 65th birthday. After that point, you can make withdrawals as you see fit. You decide that you will plan to live to 90 and work until you turn 65. You estimate that to live comfortably in retirement, you will need $97,000 per year starting at the end of the first year of retirement and ending on your 90th birthday. You will contribute the same amount to the plan at the end of every year that you work. How much do you need to contribute each year to fund your retirement?
The amount that you will need in 26 years is ______(Round to the nearest cent.)
To fund your retirement, your yearly contribution must be _______(Round to the nearest cent.)

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