Question: Based on the findings from part a , where you calculated the required retirement savings to generate monthly living expenses interest earnings, you are now

Based on the findings from part a, where you calculated the required retirement savings
to generate monthly living expenses interest earnings, you are now _________
years old (either you can use your actual age, or you can use 30 years old as your age)
and aiming to retire at 65. How much must you save each month in an annuity account
with a compounded monthly and an 8% interest rate to achieve your retirement goal?

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