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Joey is currently planning to retire in 2 5 years and wishes to withdraw $ 8 , 0 0 0 per month from his retirement

Joey is currently planning to retire in

25

years and wishes to withdraw $

8, 000

per month from his retirement account for

35

years starting at that time. How much must he contribute each month into a

rettrement account earning interest at

6.8 %

per year compounded monthly to meet his retirement goal?

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