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Leon would like to have a retirement income of $4,500 per month (beginning of month payments). How much must he have in his retirement fund
Leon would like to have a retirement income of $4,500 per month (beginning of month payments). How much must he have in his retirement fund on the day that he retires if he plans to live for 27 years? Assume that the account will earn j12=3.6%. Your
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