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In: Advanced Math

Jennifer is the owner of a video game and entertainment software retail store. She is currently...

Jennifer is the owner of a video game and entertainment software retail store. She is currently planning to retire in 30 years and wishes to withdraw $11,000/month for 20 years from her retirement account starting at that time. How much must she contribute each month for 30 years into a retirement account earning interest at the rate of 2%/year compounded monthly to meet her retirement goal? (Round your answer to the nearest cent.)

$________

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Colby Messinger answered 2 years ago
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