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How much do they need to save each year

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Reference no: EM133062015

Question - Your family wants to retire in 20 years from now. They want to have 65,000 per year to live on for the next 30 years, taken at the beginning of the period. How much do they need to save each year (End of the period default) for the next 20 years to have this much money at a 8.5% interest rate?

Reference no: EM133062015

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