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QUESTION
retirement account starting now andcontinuing through year 10if you want to be able to withdraw $80,000 per yearforever, beginning 27 years from now?...
How much must you deposit each year into your retirement account starting now and continuing through year 10 if you want to be able to withdraw $80,000 per year forever, beginning 27 years from now? Assume the account earns interest at 14% per year.
The amount to be deposited is determined to be $_______
