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You want to retire in 35 years. To fund the retirement, you deposit $25,000 into an account now, and you deposit $20,000 five years from
You want to retire in 35 years. To fund the retirement, you deposit $25,000 into an account now, and you deposit $20,000 five years from now. You also plan to save an equal amount each year between now and 35 years from now. Once you retire, you want to withdraw $85,000 at the end of each year for 25 years. r=6%.
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