Question: You just turned 2 2 and decide that you would like to save up enough money so as to be able to withdraw $ 8
You just turned and decide that you would like to save up enough money so as to be able to withdraw $ per year for years after you retire at age with the first withdrawal starting on your th birthday. Assume you earn on your retirement account compounding daily.
How much money will you have to deposit each month into an account earning per year interest compounded monthly starting one month from today, to accomplish this goal?
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