Question: need complete solution with formula on word document. does not need excel solution Help Save & Ex You are helping your friend plan for her

need complete solution with formula on word document. does not need

need complete solution with formula on word document. does not need excel solution

Help Save & Ex You are helping your friend plan for her retirement. Your friend's company has a new pension plan that will deposit $100 at the end of each month inte her retirement fund (the 1st deposit will be made one month from today). She plans to retire exactly 25 years from today, and estimates that she will n $3,000 per month withdrawn at the beginning of each month for 20 years. If interest rates are 12% per year, compounded quarterly, how much must deposit into her retirement fund at the end of each month (in equal amounts per month) over the next 25 years in addition to the $100 deposited by tl company, in order to meet her objective? (Write your answer on a separate sheet of paper and upload its image as a single file to Connect)

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