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Posted on Aug 05, 2024

April would like a retirement income of $ 3 , 0 0 0 per month ( beginning of month payments ) for 3 1 years

April would like a retirement income of $

3, 000

per month

(

beginning of month payments

)

for

31

years once she retires.

How much must she have in her retirement account on the day she retires if the account can earn

3.6 %

compounded monthly?

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