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How much would have to pay in equal annual deposits

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Question 1: You are planning to retire in 20 yrs . You will live 10 yrs after retirement.you want to be able to draw out of your savings at the rate of dollar 10000 per year. How much would you have to pay in equal annual deposits until retirement to meet your objectives? Assume interest remains at 9 percent.

Reference no: EM132519618

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