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You plan to retire in 30 years and plan to contribute the same amount of money each year to your retirement fund. The fund earns
You plan to retire in 30 years and plan to contribute the same amount of money each year to your retirement fund. The fund earns 7% compounded annually. If you would like to withdraw $100,000 each year for 20 years, starting 1 year after the last contribution is made. Approximately how much money should you contribute to your retirement fund each year
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