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You want to receive $80,000 at the beginning of every year for 30 years following your retirement? How much must you save every month for
You want to receive $80,000 at the beginning of every year for 30 years following your retirement? How much must you save every month for the next 40 years if you already have $20,000 in your retirement fund? Assume you can earn 6.00% compounded monthly while saving and 3.00% compounded annually for the subsequent 30 years.
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