Question: You plan to start saving for your retirement next year. You would like to be abel to withdraw $250,000 per year for the 35 years

 You plan to start saving for your retirement next year. You

You plan to start saving for your retirement next year. You would like to be abel to withdraw $250,000 per year for the 35 years you are retired. Assume the interest rate is 8% during the years you work (1 to 40) and 5% when you retire (years 41-75). How much do you need to save each year starting one year from today for the 40 years you are working in order to achieve this goal

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