2. (a) Suppose that you wish to have a balance in your savings account when...
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2. (a) Suppose that you wish to have a balance in your savings account when you retire at 65 years of age such that you can make withdrawals of $10 000 each year for 20 years, starting with your 66th birthday. How much must you deposit on your 35th birthday in an account paying 5% interest compounded annually so that you can meet your goal? [15]
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