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Jeremy wishes to save money to provide for his retirement. Beginning one month from now, he will begin depositing a fixed amount into a retirement
Jeremy wishes to save money to provide for his retirement. Beginning one month from now, he will begin depositing a fixed amount into a retirement savings account that will earn 18% compounded monthly. He will make 240 such deposits. Then, one year after making his final deposit, he will withdraw $100,000 annually for 20 years. The fund will earn 8% compounded weekly. How much should the monthly deposits be for his retirement plan? You must include a timeline.
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