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A man turns 4 0 today and wishes to provide supplemental retirement income of $ 3 0 0 0 at the beginning of each month
A man turns today and wishes to provide supplemental retirement income of $ at the beginning of each month starting on his th birthday. Starting today, he makes monthly contributions of X to a fund for years. The fund earns a nominal rate of compounded monthly. Each $ will provide for $ of income at the beginning of each month starting on his th birthday until the end of his life. Calculate X
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