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10. Jenna, who is 20, would like to retire at the age of 65. She wants to have a fund when she retires that allows
10. Jenna, who is 20, would like to retire at the age of 65. She wants to have a fund when she retires that allows her to withdraw $4000 each month for thirty years, assuming continuous flow. a) What will the amount Jenna need to deposit at the beginning of her retirement if the fund has a 4.45% interest rate compounded continuously? (7 pts) b) (7 pts) Jenna will need to invest now if she wants to pursue her goal. An investment firm offered her a rate of 6.25% compounded continuously, assuming continuous money flow. If she started to invest now, how much will her monthly amount be so that she will have the fund ready upon her retirement
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