Dont understand, can anyone help please 3) A couple will retire in...
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Accounting
Dont understand, can anyone help please 
3) A couple will retire in 50 years; they plan to spend about 30,000 a year in retirement, which should last about 25 years. They believe that they can earn 8 percent interest on retirement savings. If they make annual payments into a savings plan, how much will they need to save each year? Assume the first payment comes in one year
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