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6. Tom is going to retire at the end of 25 years from today. His first withdrawal of $200,000 from his retirement account will occur
6. Tom is going to retire at the end of 25 years from today. His first withdrawal of $200,000 from his retirement account will occur 26 years from today. He will make 35 such annual withdrawals from his retirement account. His investments will earn a retur of 4% during his retirement years. He will earn 10% on his savings from now until the year he retires. How much must be deposited into his retirement account at the end of each month, beginning one month from today to achieve his goals? (3 pts)
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