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Martha starts saving for her retirement by making monthly deposits into a retirement account whose annual rate is 3.1%. She plans to retire in 22
Martha starts saving for her retirement by making monthly deposits into a retirement account whose annual rate is 3.1%. She plans to retire in 22 years with an amount of money that has the same buying power as $276,422 has today. If the anticipated rate of inflation if 2.2%, how much should each of her deposits be?
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