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O Finance (2019/2020 Winter Term (1192)) (EO At the end of each month in retirement, Walter would like to receive $3,000 for 20 years. How

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O Finance (2019/2020 Winter Term (1192)) (EO At the end of each month in retirement, Walter would like to receive $3,000 for 20 years. How much money must he have at the start of his retirement in order to have enough money to receive $3.000 for the 20 years that he expects to be retired? Assume that the rate of interest is 5% compounded annually? Rounded to the nearest dollar) Select one a. 5498,601 D. 5454576 c. $458 830 0.5426 387

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