You are planning to retire in forty years. You will be spending $30,000 per year, starting at the end of year 41. Assume you will live for 25 years after retirement and the annual interest rate is 7%....

You are planning to retire in forty years. You will be spending $30,000 per year, starting<br>at the end of year 41. Assume you will live for 25 years after retirement and the annual<br>interest rate is 7%. How much do you need to save annually before retiring?<br>

Extracted text: You are planning to retire in forty years. You will be spending $30,000 per year, starting at the end of year 41. Assume you will live for 25 years after retirement and the annual interest rate is 7%. How much do you need to save annually before retiring?

Jun 07, 2022

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You are planning to retire in forty years. You will be spending $30,000 per year, starting at the end of year 41. Assume you will live for 25 years after retirement and the annual interest rate is 7%....

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