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You expect to retire in 20 years. After you retire, you want to be able to withdraw $4,000 from your account each month for 25
You expect to retire in 20 years. After you retire, you want to be able to withdraw $4,000 from your account each month for 25 years. If your account earns 6% interest compounded monthly, how much will you need to deposit each month until retirement to achieve your retirement goals? (Round to the nearest cent.) each month
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