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How much must you save at the end of each quarter

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Question - You are planning to withdraw $15,000 per quarter, at the end of each quarter, during your 20-year retirement. How much must you save at the end of each quarter for the next 15 years to reach this objective? You can expect to earn an average of 5% per annum, compounding quarterly, on both your savings and retirement account.

Reference no: EM133108791

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