How much must he set aside annually from until retirement

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Reference no: EM131049684

Arthur Anderson wants to retire in 15 years, and would like to put aside enough to give himself an income of $25,000 per year for 25 years after retirement. If he an earn 10% compounded annually over the whole time span and save and equal amount each year, how much must he set aside annually from now until retirement? Please show your calculation.

Reference no: EM131049684

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