How much will sarah need to save each year

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Reference no: EM131831094

Sarah is planning to work for the next 35 years (years 1 – 35) and expects to live in retirement for 30 years after her retire (years 36-65). Sarah believes that she will need $300,000 per year during her retirement. How much will Sarah need to save each year for the 35 years she is working to meet this goal? Assume that the interest rate is 8%. Show all calculations.

Reference no: EM131831094

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