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Kim is 27 years old; plans to retire at 65; expects to live to 93. Kim will receive an insurance payment of $120,000 at age
Kim is 27 years old; plans to retire at 65; expects to live to 93. Kim will receive an insurance payment of $120,000 at age 40. Kim wants to draw $4,400 each month (at 5.3% interest) while retired. How much should Kim put away each month (at 9.9% interest) from 27 to 65?
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