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16-12-2022
Mathematics

Answered

3) A couple will retire in 50 years; they plan to spend about £30,000 a year in
retirement, which should last about 25 years. They believe that they can earn 8
percent interest on retirement savings. If they make annual payments into a
savings plan, how much will they need to save each year? Assume the first
payment comes in one year.

Answer :

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