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You plan to retire in year 20 Your retirement will last 25 years starting in year...

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Finance

You plan to retire in year 20 Your retirement will last 25 yearsstarting in year 21 You want to have $50,000 each year of yourretirement. How much would you have to invest each year, startingin one year, for 15 years , to exactly pay for your retirement ,ifyour investments earn 6.00% APR (compounded annually)? a. 21.,349b. 21, 546 c. 20,520 d. 20,930

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You plan to retire in year 20 Your retirement will last 25 yearsstarting in year 21 You want to have $50,000 each year of yourretirement. How much would you have to invest each year, startingin one year, for 15 years , to exactly pay for your retirement ,ifyour investments earn 6.00% APR (compounded annually)? a. 21.,349b. 21, 546 c. 20,520 d. 20,930

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