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Marthastarts saving for her retirement by making monthly deposits into a retirement account whose annual rate is 3.1%.She plans to retire in24 years with an
Marthastarts saving for her retirement by making monthly deposits into a retirement account whose annual rate is 3.1%.She plans to retire in24 years with an amount of money that has the same buying poweras $277,149 has today. If the anticipated rate of inflation if 2.7%, how much should each of her deposits be?
round to the nearest dollar.
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