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Lila Gibbons decides to open a retirement savings account today and she wants to make equal payments every month for the next 18 years. She
Lila Gibbons decides to open a retirement savings account today and she wants to make equal payments every month for the next 18 years. She anticipates she can earn 6.10% on the account which compounds monthly and would like to have $225,000 at the end of the 18 years. To achieve her goals, the payments should be closest to:
A. $574.80. B. $600.96. C. $571.89.
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