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A) You want to retire in 30 years from today. You want to be able...

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Finance

A) You want to retire in 30 years from today. You want to be able to withdraw $120,000.00 annually after retirement for a period of 10 years. The prevailing interest rate over the retirement period is 10.0% How much will you need in 30 years to be able to withdraw this annual $120,000?

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B) What annual deposits would you have to make in order to achieve the needed goal found in part A above? The interest rate is the same 10%

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