You are currently 40 years old and intend to retire at age 60. To make your retirement

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You are currently 40 years old and intend to retire at age 60. To make your retirement easier, you intend to start a retirement account. At the END of each of years, you will deposit some money to your retirement account till your retire. You expect the account will earn 7% per year. After retirement at age 60, you want to withdraw $10,000 from your retirement account at the END of each year for 10 years. How much money should you plan to deposit in your retirement each year?

Posted Date: May 13, 2024 02:24 AM

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You are currently 40 years old and intend to retire at age 60. To make your retirement

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