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How much money does Marta need to have in her retirement savings account today if she wishes to withdraw $1,000 a month for 20 years?

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How much money does Marta need to have in her retirement savings account today if she wishes to withdraw $1,000 a month for 20 years? She expects to earn an average rate of return of 7 percent. a. $156,378 b. $128,983 c. $172,865 d. $178,451 e. $139,710

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