Business, 14.11.2019 03:31 andres2865

Approximately how much should be accumulated by the beginning of retirement to provide a $2,500 monthly check that will last for 25 years, during which time the fund will earn 8% interest with monthly compounding? (roound to the nearest hundred dollar). a. $261,500.00 b. $323,900.00 c. $578,700.00 d. $690,000.00 e. cannot be determined due to other factors.

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Approximately how much should be accumulated by the beginning of retirement to provide a $2,500 mont...