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Solve each problem. Show all of your work. 1. Professor G invests $1,000 at the beginning of each month. He earns 4.8% on his investments

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Solve each problem. Show all of your work. 1. Professor G invests $1,000 at the beginning of each month. He earns 4.8% on his investments and saves for 30 years. How much will he have at the end of the 30-year time period? 2. Professor G has $742,000 and would like to retire by taking out $6,000 per month (beginning) while earning 6.6% on his investments. How long will his savings last? 181 words

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