Question: You expect to need $ 8 3 , 0 0 0 per year for 2 1 years when you retire. To meet these needs and

You expect to need $83,000 per year for 21 years when you retire. To meet these needs and have no money left after the final withdrawal, how much would you need in your retirement account one year before the first payment? Use a discount rate of 7% in your calculations, and round your answer to the nearest dollar.

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