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An engineer is planning a 15 year retirement. She has decided that she will need to withdraw $4,000 each month from her bank account to
An engineer is planning a 15 year retirement. She has decided that she will need to withdraw $4,000 each month from her bank account to live. How much money should she have in the bank at the start of her retirement, if the bank pays 0.25% interest per month (compounded monthly)?
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