Ez leifer plans to retire at the age of 65 and believes he


EZ Leifer plans to retire at the age of 65 and believes he will live to be 90. EZ wants to receive an annual retirement payment of $50,000 at the beginning of each year. He sets up a retirement account that is estimated to earn 6 percent annually. How much money must EZ have in the account when he reaches 65 years old?

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Financial Management: Ez leifer plans to retire at the age of 65 and believes he
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