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Today is your twenty seventh birthday and you wish to retire 33 years from today. When you retire, you want the resources to be able

Today is your twenty seventh birthday and you wish to retire 33 years from today. When you retire, you want the resources to be able to make equal dollar withdrawals of $150,000 every six months beginning the day you retire and lasting forever. You wisely decide to start saving today an equal amount every month and ending the month prior to your retirement. Assume a bank is advertising an 8% rate compounded quarterly. With this plan, what will be the equal amount you need to save every month to achieve your retirement goal? (To save time, please skip the final algebra part. Just set up the appropriate final equation and state: "solve for

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