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Joyce thinks she needs an additional $18,000.00 in her retirement account. She has been investing the same amount at the end of every year. If
Joyce thinks she needs an additional $18,000.00 in her retirement account. She has been investing the same amount at the end of every year. If she plans on retiring in 25 years and the account earns 6% per year, how much more does she need to put in every year to increase her savings by the desired amount?
Multiple Choice
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$1,408.08
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$167.76
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$720.00
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$328.08
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$4,193.98
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