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Calculate the funds needed at retirement

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Calculate the funds needed at retirement, and the yearly saving to accumulate such an amount for the following data: 

Retirement period to cover: 30
Retirement annuity: 30000
Rate on retirement account: 4%
Rate on savings: 8%
Years from retirement: 20

a. Funds Needed?
b. Yearly savings?

 

Reference no: EM13975994

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