As part of your retirement plan you want to set up an, Financial Management

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As part of your retirement plan you want to set up an

As part of your retirement plan, you want to set up an annuity in which a regular payment of $50,000 is made at the end of each year. You need to determine how much money must be deposited earning 4.5% compounded annually in order to make the annuity payment for 20 years.

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