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Mathematics, 23.03.2021 23:40 kaliaakh
Jennifer is the owner of a video game and entertainment software retail store. She is currently planning to retire in 30 years and wishes to withdraw $14,000/month for 20 years from her retirement account starting at that time. How much must she contribute each month for 30 years into a retirement account earning interest at the rate of 5%/year compounded monthly to meet her retirement goal? (Round your answer to the nearest cent.)
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