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You plan to retire in 20 years. Use the time value of money tables to calculate whether it is better for you to save $25,000

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You plan to retire in 20 years. Use the time value of money tables to calculate whether it is better for you to save $25,000 a year for the last 10 years before retirement or $15,000 for each of the 20 years. Assume you are able to eam 10 percent interest on your investments. (Euture Value of \$1. Present Value of S1. Euture Value-Annuityof S1. Present Value Annulity of S1)

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