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retirement account starting now andcontinuing through year 14if you want to be able to withdraw $85,000 per yearforever, beginning 32 years from now?...
How much must you deposit each year into your retirement account starting now and continuing through year 14 if you want to be able to withdraw $85,000 per year forever, beginning 32 years from now? Assume the account earns interest at 10% per year.
The amount to be deposited is determined to be $