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 $15,000/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 2%/year compounded monthly to meet her retirement goal?
(Round your answer to the nearest cent.)
$
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