How much will you need to save at the end of each of years, Financial Management

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How much will you need to save at the end of each of years

Problem

You are planning for retirement and have calculated that you want to have saved $1320,000 by the time you retire in 25 years. You have $20,200 now and you also know that you will receive $79,700 form your share of the family cottage in 8 years. Assume an annual return of 7.00% on your funds. How much will you need to save at the end of each of the next 25 years to reach your retirement goal?

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Financial Management: How much will you need to save at the end of each of years

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Financial Management: How much will you need to save at the end of each of years

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