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Suppose you are 2 5 years old and would like to retire at age 6 0 . Furthermore , you would like to have a

Suppose you are 25 years old and would like to retire at age 60.Furthermore, you would like to have a retirement fund from which you can draw an income of 50,000 per year-forever! How much would you need to deposit each month to do this? Assume a constant APR of 6% and that the compounding and payment periods are the same.

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