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4. How much money do you need to deposit into your investment account today if you wish to withdraw $1,500 a month for ten years?
4. How much money do you need to deposit into your investment account today if you wish to withdraw $1,500 a month for ten years? You expect to earn an average rate of return of 6 percent per year. Your first withdrawal will be in one month. A. Less than $100,000 B. $100,000 to $125,000 C. $125,000 to $150,000 D$150,000 to$160,000 E. More than $160,000
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