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ou are now 2 2 years old and want to retire at the age of 6 5 . You also want to receive $ 5

ou are now 22 years old and want to retire at the age of 65. You also want to receive $5,000 per month in retirement. The payments will be made at the end of each month. If you can earn 1% per month and you expect to need the income for 25 years, you need to have $Blank 1 in your account at retirement and you need to make an investment of $Blank 2 today to reach your goal (Note: round your numbers to the nearest cent, no comma i.e.1000.45 instead of 1,000.45).

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