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Problem 8 . Sinking Funds. 1 0 points. Shanan is planning to retire in 2 5 years and wishes to withdraw $ 6 0 0

Problem 8. Sinking Funds. 10 points.
Shanan is planning to retire in 25 years and wishes to withdraw $6000 per month for 25 years from her retirement account starting at that time. How much must she contribute each month into a retirement account earning interest at the rate of 5.25% per year compounded monthly to meet her retirement goal?
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