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Lexi s father is setting up a retirement plan. He will make fixed monthly contributions to a pension fund until the retirement in 2 5

Lexis father is setting up a retirement plan. He will make fixed monthly contributions to a pension fund until the retirement in 25 years from now. Assume that the fund earns an APR 9% return (annualized). After retirement, Lexis father is planning to withdraw a fixed amount $2,500 each month for the next 20 years. How much would he have to pay into the fund each month before he retires?

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