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You plan to start saving for your retirement next year. You would like to be abel to withdraw $250,000 per year for the 35 years
You plan to start saving for your retirement next year. You would like to be abel to withdraw $250,000 per year for the 35 years you are retired. Assume the interest rate is 8% during the years you work (1 to 40) and 5% when you retire (years 41-75). How much do you need to save each year starting one year from today for the 40 years you are working in order to achieve this goal
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