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Business, 05.03.2021 01:10 zhilton19

You are practicing for your exam by performing a retirement calculation: retire in 30 years from today, withdraw $90,000 per year for 20 years (assuming no withdrawal after 20 years). This is the complex plan to meet the retirement goal in the problem: first, employer contribution of $1,500 annually until retirement, i. e. 30 years' contribution. Second, a distribution of $25,000 from a family trust 20 years from today. What amount must the subject of this problem deposit annually to meet the retirement goal if 8% is the appropriate interest rate

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