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You plan to retire in exactly 25 years. Your goal is to create a fund that will allow you to receive $20000 at the end
You plan to retire in exactly 25 years. Your goal is to create a fund that will allow you to receive $20000 at the end of each year for the 30 years between retirement and death. You know that you will be able to earn 15% per year until your death. What will be the monthly payments that you make for 25 years until your retirement date?
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