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Posted on May 19, 2024

Kym intends to retire in 12 years and would like to receive $795.00 every month for 13 years starting on the date of her retirement.

Kym intends to retire in 12 years and would like to receive $795.00 every month for 13 years starting on the date of her retirement. How much must Kym deposit in an account today if interest is 10% compounded monthly?

She must deposit $_____

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