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You want to be able to withdraw $35,000 from your account each year for 15 years after you retire. You expect to retire in 25

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You want to be able to withdraw $35,000 from your account each year for 15 years after you retire. You expect to retire in 25 years. If your account earns 10% interest, how much will you need to deposit each year until retirement to achieve your retirement goals? Graduation is 5 years away and you want to have $1200 available for a trip. If your bank is offering a 5-year CD (certificate of deposit) paying 3.7% simple interest, how much do you need to put in this CD to have the money for your trip? You expect to retire in 25 years. Ater you retire, you want to be able to withdraw $4,500 from your account each month for 20 years. If your account earns 5% interest compounded monthly, how much will you need to deposit each month until retirement to achieve your retirement goals? each month

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