Collin would like to have a retirement fund that has a first annual payout of...
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Collin would like to have a retirement fund that has a first annual payout of $50,000, and his retirement is planned for 20 years. If Collin's account carns 5.4% APR, use a COLA of 3.3% to calculate the amount needed in the retirement account when Collin retires. 1-(#*:) Recall the COLA formula FV = pmt. TC Submit
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