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How much money should you save every beginning

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Now you are 20 years old. You want to retire at the age of 60 and get Rp200,000,000 per year (for 5 years after you retire (receive money in the beginning of the year). An investment account offers 8% interest per annum. How much money should you save every beginning of the year (for 40 years) until you are retired in order to have your retirement fund?

Reference no: EM132758859

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