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You want to be able to withdraw $50,000 from your 401(k) account at the end of each year for 15 years after you retire. You

You want to be able to withdraw $50,000 from your 401(k) account at the end of each year for 15 years after you retire. You expect to retire in 30 years. If your 401(k)account earns 8% interest compounded annually, how much will you need to deposit at the end of each year until retirement to achieve your retirement goals?

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