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Emily figures she needs $650,000 in her 401(k) account to retire comfortably 32 years from now. She reallzes that it is not $650,000 actual dollars

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Emily figures she needs $650,000 in her 401(k) account to retire comfortably 32 years from now. She reallzes that it is not $650,000 actual dollars that she wants, but rather $650,000 in today's dollars. Suppose that inflation averages 3.25\% annually in the future, and that Eaily's investments will earn an average 9.25% annual rate of return. She has nothing in her 41(k) account today. c. Calculate the amount that Eally should deposit from each of her blweekly paychecks to reach this goal. Assume that she plans to increase her payments over the years to keep up with inflation

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