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Saved SU2020 Marcy Gross wants to save money to meet three objectives. First, she would like to be able to retire 30 years from now

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Saved SU2020 Marcy Gross wants to save money to meet three objectives. First, she would like to be able to retire 30 years from now with retirement income of $29,000 per month for 25 years, with the first payment received 30 years and 1 month from now. Second, she would like to purchase a cabin in Jersey Coast in 10 years at an estimated cost of $288,000. Third, after she passes on at the end of the 25 years of withdrawals, he would like to leave an inheritance of $550,000 to her daughter Rebecca, Marcy can afford to save $1,900 per month for the next 10 years. If Marcy can earn a 9 percent EAR before she retires and a 7 percent EAR after she retires, how much will she have to save each month in Years 11 through 30? Multiple Choice $6,072.11 $6,594.40 $6.193.56 $5.950.67 $6,602.75

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