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Your client intends to retire in 30 years from now and would like to be able to withdraw $30,000 per year from her savings for
Your client intends to retire in 30 years from now and would like to be able to withdraw $30,000 per year from her savings for a period of 20 years after retirement. She expects to eam 9% annually on her savings. Assuming end-of-year cash flows, what equal annual amount must your client save during her 30 years of employment in order to be able to withdraw the desired annual amount during the 20 years of retirement
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