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Martha starts saving for her retirement by making monthly deposits into a retirement account whose annual rate is 3.7%. She plans to retire in
Martha starts saving for her retirement by making monthly deposits into a retirement account whose annual rate is 3.7%. She plans to retire in 23 years with an amount of money that has the same buying power as $298,759 has today. If the anticipated rate of inflation if 3%, how much should each of her deposits be? Round your answer to the nearest dollar.
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