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Your client is currently 22 years old. The interest rate on the funds your client has available is 4.40%. Your client wishes to retire at
Your client is currently 22 years old. The interest rate on the funds your client has available is 4.40%. Your client wishes to retire at the age of 70 and has an expected lifetime of 90. Your client needs $100,000 per year in retirement. Calculate the annual payment your client needs to make each year in order to reach this goal.
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