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4. Approximately how much should be accumulated by the beginning of retirement to provide a $3,700 monthly check that will last for 25 years, during

4. Approximately how much should be accumulated by the beginning of retirement to provide a $3,700 monthly check that will last for 25 years, during which time the fund will earn 8% interest with monthly compounding?

A. $441,037.63 B. $479,388.73 C. $1,021,200.00 D. $599,400.00

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