$***$Unit $3$: Homework $2$: Annuities $($Savings AND Payout$)$ Score: $\frac{19}{29},\frac{9}{12}$ answered

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You want to be able to withdraw $$30,000$ from your account each year for $20$ years after you retire. You expect to retire in $25$ years.

If your account earns $10\%$ interest, how much will you need to deposit each year until retirement to achieve your retirement goals?

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