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You expect to retire in 20 years and you want to save for your retirement...

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Finance

You expect to retire in 20 years and you want to save for your retirement starting now. If you want to have an income of 200,000 per year for the next 10 years, how much should you save starting next year for 20 years (including next year, meaning n=20)? The interest rate is 10 percent. (Assume all payments are done at the end of the period for ease).

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