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Question 21 (3 points) Karen is planning for her retirement. She plans to retire in 34 years and expects to live for 20 years after

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Question 21 (3 points) Karen is planning for her retirement. She plans to retire in 34 years and expects to live for 20 years after that. During her retirement, she feels that she will need a monthly income of $5,000 per month at the beginning of each month. In addition, she wants to have an additional $10,000 lump sum available on the day she retires in order to fund a dream vacation. If her retirement fund earns jiz=6%, how much will she have to deposit each month (month end deposits) in order to save enough for her retirement? Assume the deposits continue up to and including the day she retires and that the withdrawals begin on the day she retires. On your worksheet, clearly label and show your work (including your timeline) for each step (formulas or calculator inputs). Your

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