Question: Jane Anderson is setting up a retirement plan. She will make fixed annual contributions to a pension fund until the retirement in 30 years from

Jane Anderson is setting up a retirement plan. She will make fixed annual contributions to a pension fund until the retirement in 30 years from now. Assume that the fund earns a fixed 7% return. After retirement, Jane is planning to withdraw a fixed amount $2,500 each year for the next 25 years. How much would she have to pay into the fund each year before she retires?

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