Question: You would like to earn $ 5 2 , 9 7 0 over a You would like to earn $ 5 2 , 9 7

You would like to earn $52,970 over a You would like to earn $52,970 over a period of 30 years after your retirement. You have just started saving for retirement, and you expect to work for 27 years.
The expected return on your retirement savings is 6%
How much do you need to save every year (27 years) until retirement?period of 30 years after your retirement. You have just started saving for retirement, and you expect to work for 27 years.
The expected return on your retirement savings is 6%
How much do you need to save every year (27 years) until retirement?

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