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You plan to retire in 4 0 years, at which time you want to have enough savings in an account to withdraw $ 2 0

You plan to retire in 40 years, at which time you want to have enough savings in an account to withdraw $20,000 at the beginning of each of the next ten years (an insurance policy will support you if you live more than 10 years after retirement) a) If the Savings account pays interest at an annual rate of 9%. How much should you have saved at the end of 40 years?

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