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Suppose you are 3 0 years old and would like to retire at age 6 0 . Furthermore, you would like to have a retirement

Suppose you are 30 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 $75,000 per year-forever! How much would you need to deposit each month to do this? Assume a constant APR of 7% and that the compounding and payment

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