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Anne-Marie received $445,000.00 from her mother's estate. She wants to set aside part of her inheritance for her retirement 12 years from now. At that
Anne-Marie received $445,000.00 from her mother's estate. She wants to set aside part of her inheritance for her retirement 12 years from now. At that time, she would like to receive a pension supplement of $2,600.00 at the end of each month for 15 years. If the first payment is due one month after her retirement and interest is 3.6% compounded monthly, how much must Anne-Marie set aside?
Select one:
a. $289,256.54
b. $199,652.45
c. $243,256.54
d. $234,652.45
e. None of these answers
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