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A couple plans to retire in 35 years. At that time, they would like to have enough money in an account so that they can
A couple plans to retire in 35 years. At that time, they would like to have enough money in an account so that they can receive a $6,000 every month end for the next 25 years. The account earns 8% APR compounded monthly and will continue to do so until there is a zero balance in the account.If they have not saved any money yet, how much does the couple need to deposit each month end until they retire
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