If she can earn 9% compounded annually, how much does she need to save each year to prepare for her financial needs after her retirement?

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Learning Goal: I’m working on a finance test / quiz prep and need guidance to help me learn.Puan Elly is planning to retire in 20 years, and she plans to begin withdrawing RM50,000 annually at that point of time. She is expected to live for 20 years following her retirement. If she can earn 9% compounded annually, how much does she need to save each year to prepare for her financial needs after her retirement?
Requirements: Calculation   |   .doc file

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