Question: Your client will retire 30 years from now. During her 50 years of retirement, she wishes to withdraw $15,000 at the end of each month.
Your client will retire 30 years from now. During her 50 years of retirement, she wishes to withdraw $15,000 at the end of each month. From now to 30 years from now, how much at the end of each month must she save in order to accomplish her goal. Assume 6% annual interest rate at all times.
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