How much must you deposit each year into your retirement account starting now and continuing through year
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How much must you deposit each year into your retirement account starting now and continuing through year 9, if you want to be able to withdraw $80,000 per year forever, beginning 30 years from now? Assume the account earns interest at
(a) The generous rate of 10% per year,
(b) A more conservative rate of 4% per year. Compare the two amounts.
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