Question: Please Explain: You plan to retire 8 months from today. Your retirement will last for 133 months. You need $4,554 each month of your retirement.

Please Explain:

You plan to retire 8 months from today. Your retirement will last for 133 months. You need $4,554 each month of your retirement. How much do you have to invest today in an account that earns 4.96% APR (compounded monthly) to exactly pay for your retirement?

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