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How much would you need to save every year

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You are 21 and want to retire at the age of 60. Starting on your retirement date you'd like to have an annuity paying $25,000 per year for 25 years. Your uncle is giving you $10,000 when you graduate. How much would you need to save every year from next year to retirement to finish funding this annuity? Interest rates are 6%

Reference no: EM132579745

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