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You have $0 in your bank account today and have decided to start depositing every month for your after-retirement life. You just turned 30 years

You have $0 in your bank account today and have decided to start depositing every month for your after-retirement life. You just turned 30 years old and would like to able to withdraw $20,000 at the beginning of each month for 20 years after your 60th birthday. How much will you need to deposit into his account at the end of each month, starting one month from today and ending on his 60th birthday? You bank account earns 12 percent annual interest, compounding monthly, both before and after his retirement.

$423.51

$556.33

$336.55

$285.27

$524.91

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