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You want to retire in 40 years. At the beginning of each year in retirement (i.e., starting at the beginning of year 41), you would
You want to retire in 40 years. At the beginning of each year in retirement (i.e., starting at the beginning of year 41), you would like to withdraw $100,000. You plan to live for 30 years in retirement. How much must you deposit at the end of each year for the next 40 years to meet your retirement goal if you can earn 10% on your investments?
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