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You plan to retire in 15 years. After retirement you will need $20,000 per year for 20 years. If interest remains at 8% compounded annually,

You plan to retire in 15 years. After retirement you will need $20,000 per year for 20 years. If interest remains at 8% compounded annually, how much should you deposit each year until retirement? (note that you will make a total of 15 end of year deposits, and your first withdrawal will be made at the end of the 16th year.)

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