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Please write the calculation procedure Liz expects to retire in 20 years. At the end of the first month when she retires, she would like

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Please write the calculation procedure

Liz expects to retire in 20 years. At the end of the first month when she retires, she would like to receive $650 per month for 25 years. How much must she deposit into a fund now to be able to reach this objective if the rate of interest on the deposit is 5.75% compounded monthly

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