Question: Take a look at Table 21-1. Suppose that you are planning your retirement. The appropriate interest rate for computing the present values of future dollars

Take a look at Table 21-1. Suppose that you are planning your retirement. The appropriate interest rate for computing the present values of future dollars to be received is 8 percent, and you plan to "cash in" all of what you save for retirement this year in exactly 30 years. How many dollars would you have to save this year to ensure being able to have a total of $50,000 accumulated 30 years from now?

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