While after retirement you can earn 10 on your money what


You wish to retire in 20 years, at which time you want to have accumulated enough money to receive an annual annuity of $12,000 for 25 years after retirement. during the period before retirement you can earn 8% annually, while after retirement you can earn 10% on your money. What annual contributes to the retirement fund will allow you to recieve the $12,000 annuity?

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Finance Basics: While after retirement you can earn 10 on your money what
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