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You want to be able to withdraw $45,000 from your account each year for 20 years after you retire. You expect to retire in 30

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You want to be able to withdraw $45,000 from your account each year for 20 years after you retire. You expect to retire in 30 years. If your account earns 4% interest, how much will you need to deposit each year until retirement to achieve your retirement goals? For this problem, assume interest only compounds annually. Answer =$ (Round to the nearest cent/penny.)

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