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7. Paul is 30-years-old, and he would like to retire in 35 years. Starting today, Paul makes monthly deposits of 300 in to a retirement

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7. Paul is 30-years-old, and he would like to retire in 35 years. Starting today, Paul makes monthly deposits of 300 in to a retirement fund. Starting on the day Paul retires, 180 monthly withdrawals of 10,000 will be made from the fund with the fund being exhausted immediately after the last withdrawal. The retirement fund credits interest at a nominal rate of 8.4% convertible monthly for the first 35 years, and a nominal rate of interest of i convertible monthly thereafter. Determine

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