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You plan to retire in 20 years. Calculate whether it is better for you to save $30,000 a year for the last 10 years before

You plan to retire in 20 years. Calculate whether it is better for you to save $30,000 a year for the last 10 years before retirement or $15,000 for each of the next 20 years. Assume you are able to earn 8 percent interest on your investments.

Multiple Choice

a. $15,000 for 20 years

b. $30,000 for 10 years

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