You would like to have enough money saved to receive a, Financial Management

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You would like to have enough money saved to receive a

You would like to have enough money saved to receive a $50,000 per year perpetuity , after retirement so that you and your family can lead a good life . How much would you need to save in your retirement fund to achieve this goal (assume that the perpetuity payment starts on the day of retirement. the interest rate is 8%)?

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