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Sarah plans to retire when her simple annuity savings account has enough money to receive $10,000.00 per month for twenty years starting at the end
Sarah plans to retire when her simple annuity savings account has enough money to receive $10,000.00 per month for twenty years starting at the end of the first month after her retirement. She starts saving $4420 per month. Calculate when should Sarah retire from today if her savings account pays 4.9% compounded semi-annually.
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