You will make equal deposits into your retirement account each year for 10 years starting now (i.e.,
Question:
You will make equal deposits into your retirement account each year for 10 years starting now (i.e., years 0–9). If you expect to withdraw $50,000 per year forever beginning 30 years from now, and the funds will earn interest at 10% per year, the size of the 10 deposits is nearest:
(a) $4239
(b) $4662
(c) $4974
(d) $5471
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