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can someone help me Xander Schauffele wishes to save money to provide for his retirement in 24 years. Beginning one month from now, he will
can someone help me
Xander Schauffele wishes to save money to provide for his retirement in 24 years. Beginning one month from now, he will begin depositing a fixed amount each month for the next 24 years into a retirement savings account that will earn 6% compounded monthly. Then, one year after making his final deposit, he will want to withdraw $80,100 annually for 13 years for his retirement. The fund will continue to earn 6% compounded monthly. How much should his monthly deposits be so that he will have enough money to purchase the annuity that pays $80,100 a year for 13 years when he retires? Mutiple Choice $1,15004 $3.615.62 $2.43820 Multiple Choice $1,150.04 $3,615.62 $2,438.20 $1,095,28 Step by Step Solution
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