What annual contributions to the retirement fund

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You wish to retire in 15 years, at which time you want to have accumulated enough money to receive an annual annuity of $18,000 for 20 years after retirement. During the period before retirement you can earn 9 percent annually, while after retirement you can earn 11 percent on your money.

What annual contributions to the retirement fund will allow you to receive the $18,000 annuity? Use Appendix C and Appendix D.

Reference no: EM13293413

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