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Q 2 : Assume you want to receive $ 3 , 5 0 0 at the end of each month after retirement. If you can

Q2: Assume you want to receive $3,500 at the end of each month after retirement. If you can earn 4.52%, compounded monthly and you expect to need the income for 25 years, and you have $600,000.00 in your account at retirement, how much you will have after 25 years?

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