In their meeting with their advisor, Mr. and Mrs. Taylor concluded that they would need...
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In their meeting with their advisor, Mr. and Mrs. Taylor concluded that they would need $45,000 per year during their retirement years in order to live comfortably. They will retire 10 years from now and expect a 25-year retirement period. How much should Mr. and Mrs. O'Rourke deposit now in a bank account paying 8 percent to reach financial happiness during retirement?
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