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Emma has 161 in her retirement account. Emma goal is to retire in 15 years from now and draw $6,000 each month over her planned
Emma has 161 in her retirement account. Emma goal is to retire in 15 years from now and draw $6,000 each month over her planned retirement over the following 15 years. These funds will need to be available at the beginning of each month. Under the assumption Emma can make annual end of year deposits into an account offering a 4.5 percent rate of return after taxes before and during retirement, how much would those deposits have to be in order to achieve her financial objectives
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