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You would like to begin an annual deposit plan in order to fund your retirement. You plan to retire in 2 0 years with enough
You would like to begin an annual deposit plan in order to fund your retirement.
You plan to retire in years with enough funds in your account to be able to
withdraw $ per year at the end of each year indefinitely retirement. You
will start with an initial onetime deposit of $ and then add to it with the
annual deposits. You plan to stop depositing at the time of retirement. If the interest
rate is what is the annual deposit necessary to fund your retirement plan? The
answer is within $ of which of the following?
a
b
c
d
e None of the above
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