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James Howlett (the Wolverine) is saving up for his retirement in sunny Alaska! He has decided to make $500 monthly deposits into his 8.4% compounded

James Howlett (the Wolverine) is saving up for his retirement in sunny Alaska! He has decided to make $500 monthly deposits into his 8.4% compounded monthly investment account for 15 years. At retirement, he wants to receive monthly payments for 10 years. If the interest rate remains the same for the entire question, determine: 



 a) How much total will James have at retirement? 


b) How large will those monthly payments be over 10 years when he retires.

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