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Janice plans to retire in 18 years and would like to receive $3200.00 per month for fifteen years starting at the end of the first

Janice plans to retire in 18 years and would like to receive $3200.00 per month for fifteen years starting at the end of the first month after her retirement. Calculate the amount she must invest now if interest is 7.5% compounded monthly.

Two decimal places.

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