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Marcus plans to retire in 3 0 years. He will make 1 5 years ( 1 8 0 months ) of equal monthly payments to
Marcus plans to retire in years. He will make years months of equal monthly payments to his retirement account. Fifteen years after his last contribution, he will begin the first of months of withdrawals of $ per month. Assume that the retirement account earns interest of compounded monthly for the duration of his contributions, the years in between his contributions and the beginning of his withdrawals, and the years of withdrawals. How large must Marcus's monthly contributions be in order to accomplish his goal?
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