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You put $50 into your retirement account every month for the 45 years you work professionally. This account has an 8% interest rate, compounded monthly.

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You put $50 into your retirement account every month for the 45 years you work professionally. This account has an 8% interest rate, compounded monthly. Then, you retire and use the amount you?ve saved as a monthly income. Assume you want to take the same amount out each month for the next twenty years. How much are you able to get each month

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