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Catherine Dohanyos plans to retire in 2 0 years. She will make 2 0 years of monthly contributions to her retirement account. One month after
Catherine Dohanyos plans to retire in years. She will make years of monthly contributions to her retirement account. One month after her last contribution, she will begin the first of years of withdrawals. She wants to withdraw $ per month. How large must her monthly contributions be in order to accomplish her goal if the account earns interest of compounded monthly for the duration of her contributions and the months of withdrawals?
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The amount of her monthly contributions must be $enter your response here.
Round to the nearest cent as needed.
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