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Please do not round til very end! Jennifer is the owner of a video game and entertainment software retail store. She is currently planning to
Please do not round til very end!
Jennifer is the owner of a video game and entertainment software retail store. She is currently planning to retire in 30 years and wishes to withdraw $15,000/month for 20 years from her retirement account starting at that time. How much must she contribute each month for 30 years into a retirement account earning interest at the rate of 2%/year compounded monthly to meet her retirement goal? (Round your answer to the nearest cent.)Step by Step Solution
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