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You want to save money for your retirement. You plan to retire in 3 5 years. a ) If you deposit $ 2 , 0

You want to save money for your retirement. You plan to retire in 35 years.
a) If you deposit $2,000 at the end of every month for the next 30 years into a retirement account that provides 12 percent annual return compounded monthly, how much money will you have in the account in 35 years? Assume that the first deposit occurs at the end of the first month and all deposits occur at the end of the month.
b) One month after making you last $2,000 deposit, you will make an equal withdrawal from the account monthly for the next 30 years. Assume that you earn 9 percent annual return compounded monthly during this period, how much can you withdraw each month so that the balance in the account is zero when you make the last withdrawal?
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