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You would like to have enough money saved to receive a growing annuity for 25 years, growing at a rate of 4 percent per year,

You would like to have enough money saved to receive a growing annuity for 25 years, growing at a rate of 4 percent per year, with the first payment of $63,200 occurring exactly one year after retirement. How much would you need to save in your retirement fund to achieve this goal? The interest rate is 12 percent. can you solve using formula and excel

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