You wish to retire at age 66 and at the end of each month thereafter,...
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Accounting
You wish to retire at age 66 and at the end of each month thereafter, for 30 years, to receive $8 000. Assume that you begin making monthly payments into an account at age 24. You continue these payments until age 66. If the interest rate is constant at 6%, how much must you deposit monthly between ages 24 and 66? The monthly deposit between ages 24 and 66 is $
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