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A Marsha is retiring in 35 years and would like to retire on $2500/month in today's funds. Her IRA pays 8.25% APR, and is a

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A Marsha is retiring in 35 years and would like to retire on $2500/month in today's funds. Her IRA pays 8.25% APR, and is a 25-year retirement plan. She plans on making two contributions each month out of her paychecks a. Assuming inflation is 2% per year, find her first yearly payout. b. Using a COLA of 2%, find the total she needs in the IRA when she retires, Round to the nearest 1000, c. Calculate the size of each contribution from her paycheck while working d. What was her total contribution

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