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You plan to retire 10 years from today. Your retirement will last for 300 months. You need $6,000 each month of your retirement. How much
You plan to retire 10 years from today. Your retirement will last for 300 months. You need $6,000 each month of your retirement. How much do you have to invest today in an account that earns 3.00% APR (compounded monthly) to exactly pay for your retirement?
Group of answer choices
$965,808
$940,022
$937,678
$968,223
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