Deposit each year into your retirement account

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Reference no: EM131836449

How much must you deposit each year into your retirement account starting now and continuing through year 9 if you want to be able to withdraw $100,000 per year forever, beginning 32 years from now? Assume the account earns interest at 14% per year.

The amount to be deposited is determined to be $

Reference no: EM131836449

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