How much must you save each year to meet your retirement, Financial Management

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How much must you save each year to meet your retirement

You believe that you will need 23,591 dollars a year for 5 years in retirement. If you are 30 today, how much must you save each year to meet your retirement goal if you plan to retire at 65? (Assume a 7 percent annual interest rate and that your 1st deposit will be 1 year from now and that your 1st withdrawal will be 36 years from today)

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