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Andrea, a self-employed individual, wishes to accumulate a retirement fund of $550,000. How much should she deposit each month into her retirement account, which pays interest at a rate of 4.5%/year compounded monthly, to reach her goal upon retirement 45 years from now? (Round your answer to the nearest cent.)
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Andrea, a self-employed individual, wishes to accumulate a retirement fund of $550,000. How much sho...
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