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This is for the following two questions. A couple plans to retire in 35 years. At that time, they would like to have enough money

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image text in transcribed This is for the following two questions. A couple plans to retire in 35 years. At that time, they would like to have enough money in an account so that they can receive a $6,000 every month end for the next 25 years. The account earns 8% APR compounded monthly and will continue to do so until there is a zero balance in the account. To achieve this goal, how much money does the couple need to have in this account by the time they retire? ((continued from above) If they have not saved any money yet, how much does the couple need to deposit each month end until they retire? $(xxx.xx)

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