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# You are planning for retirement and have calculated that you want to have saved $1320,000 by the time you retire in 25 years. You have $20,200 now and you also know that you will receive $79,700 form your share of

You are planning for retirement and have calculated that you want to have saved $1320,000 by the time you retire in 25 years. You have $20,200 now and you also know that you will receive $79,700 form your share of the family cottage in 8 years. Assume an annual return of 7.00% on your funds.

**How much will you need to save at the end of each of the next 25 years to reach your retirement goal?**

- Expert Answer

## To calculate the amount you need to save at the end of each of the next 25 years to reach your retir View the full answer

**Related Book For**

## Personal Finance Turning Money into Wealth

ISBN: 978-0134730363

8th edition

Authors: Arthur J. Keown

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