How much must each savings deposit be

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Today is Stanly's 55th birthday. He plans to retire on his 65th birthday. He wants to save the same amount each year, starting today and ending on the day he retires. Then, starting on his 66th birthday he wants to withdraw $10,000 each year ending on his 85h birthday. He can earn 10% on his savings. How much must each savings deposit be?

Reference no: EM131190565

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