Calculate samanthas annual savings

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Reference no: EM131974032

Problem

Samantha's wealth is $50,000, she is currently 35 and expects to work until she is 65 at a constant salary of $80,000, and she expects to live until 85. Assume taxes are 10% of her income per year and that Samantha completely smooth's consumption over her lifetime. Calculate Samantha's annual savings.

Reference no: EM131974032

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