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alexandra wants to establish an account that will supplement her retirement income when she retires in 3 0 years. At an interest rate of 5

alexandra wants to establish an account that will supplement her retirement income when she retires in

30

years. At an interest rate of

5 %

compunded monthly, what lump sum should she deposite today so that the $

500, 000

will be available when she retires in

30

years?

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