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Approximately how much should be accumulated by the beginning of retirement to provide a $4,000 monthly check that will last for 15 years, during which
Approximately how much should be accumulated by the beginning of retirement to provide a $4,000 monthly check that will last for 15 years, during which time the fund will earn 8% interest with monthly compounding? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
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