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Cameron is saving for his retirement 20 years from now by setting up a savings plan. He has set up a savings plan wherein he

Cameron is saving for his retirement 20 years from now by setting up a savings plan. He has set up a savings plan wherein he will deposit $129.00 at the end of each month for the next 11 years. Interest is 8% compounded monthly.

(a) How much money will be in his account on the date of his retirement?

(b) How much will Cameron contribute?

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