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Miss Daisy has just celebrated her 40th birthday, and she plans to retire on her 65th birthday. She has determined that she will need a

Miss Daisy has just celebrated her 40th birthday, and she plans to retire on her 65th birthday. She has determined that she will need a total of $300,000 at that time to fund her retirement. Suppose that her employer offers a 401k retirement plan that earns 5.5% compounded monthly. How much (rounded to the nearest dollar) should Ms. Daisy deposit at the end of each month to in order to achieve her retirement goal

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