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Sandra intends to retire in 25 years and would like to receive $2,900 at the end of each month in retirement for 25 years. How
Sandra intends to retire in 25 years and would like to receive $2,900 at the end of each month in retirement for 25 years. How much must she deposit at the beginning of each month before retirement in order to accomplish her goal if she can earn a rate of return of 5.4 percent compounded monthly on her investments before and during retirement? Sandra needs to have $ in savings at the start of her retirement. (Use the TI BA II Plus financial calculator, and enter your answer rounded to the nearest cent.)
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