Sandra intends to retire in 25 years and would like to receive $2000 at the end of
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Sandra intends to retire in 25 years and would like to receive $2000 at the end of each month in retirement for 25 years. How much must she deposit at the beginning of each month before retirement in order to accomplish her goal if she can earn a rate of return of 6 percent compounded monthly on her investments before and during retirement?
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Sandra must deposit 44570 at the beginning of each month before retirement in order to accompl...View the full answer
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