A couple just got married and they both are 25 and plan to retire at 65, in 40 years. They want 200k at the end of each year in 20 years upon retirement. Currently they have 2k cash and expect 100k as a retirement bonus at the end of the 40 years from employer. Assume interest rate is 8%What is the present value today of $2,000 in cash savings and the expected $100,000 bonus received at the e

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