omework: Homework for section 4C ore: 0 of 1 pt 5 of 12 (12 complete)...
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omework: Homework for section 4C ore: 0 of 1 pt 5 of 12 (12 complete) HW Score: 70 83%, 8 5 of 12 4.C.27 Question Help uppose you are 35 years old and would lke to retire at age 65 Furthermore, you would like to have a retirement fund rom which you can draw an income of 125 0 0 per year forever! How much would you need to deposit each month to do this? Assume a constant APR of 7% and that the compounding and pay eriods are the same t To draw $125,000 per year, there must be sin your savings account when you retire Do not round until the final answer. Then round to the nearest integer as needed) Enter your answer in the answer box and then click Check Answer Clear All part to search
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