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Parker has nothing saved for retirement. Parker wants to receive 93,030 dollars per year for 7...

Parker has nothing saved for retirement. Parker wants to receive 93,030 dollars per year for 7 years during retirement. The first of these payments will be received in 5 years. Parker can earn a return of 11.39 percent per year. How much does Parker need to save each year for 4 years to have exactly enough to meet his retirement goal if he makes his first savings contribution in 1 year and all savings contributions are equal?

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