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Question 8 (5 points) Anne is planning her retirement. Once she is retired, she would like to receive $3,500 at the beginning of each month
Question 8 (5 points) Anne is planning her retirement. Once she is retired, she would like to receive $3,500 at the beginning of each month as well as $5,000 at the beginning of each year. She expects to be retired for 20 years. She has 32 years to save for her retirement. How much must she deposit at the end of each month from now until the day she retires in order to fully fund her retirement plan. Assume an interest rate of j12=4.8% for the entire
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