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3. How much do you need when you retire to provide a $2,500 monthly check that will last for 25 years? Assume that your savings

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3. How much do you need when you retire to provide a $2,500 monthly check that will last for 25 years? Assume that your savings can earn 0.5% a month. 4. A credit card account that charges interest at the rate of 1.25% per month would have an annually compounded rate of_X_ and an APR of_Y_. What is X and Y

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