Question: Suppose your uncle is 4 0 and has a plan to retire at age 6 0 , but his fortune teller told him that he

Suppose your uncle is 40 and has a plan to retire at age 60, but his fortune teller told him that he will live for forty more years. If he would like to have a steady income of $150,000 per year after his retirement and the interest rate will be 8% compounded yearly at that time. How much must be set aside each year till his retirement to be able to achieve his goal if the interest rate is now 6% compounded yearly?
Suppose your uncle is 40 and has a plan to retire

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