Question

Becky has determined she will need to receive $10,000 dollars at the beginning of each month...

Becky has determined she will need to receive $10,000 dollars at the beginning of each month after retires. She will earn 6% on her retirement account and plans to live for 30 years after she retires. She can earn 12% on her savings while working over the next 42 years

1. How much must Becky have accumulated in her retirement account on the day she retires?

2. How much must she save every month over the next 42 years?

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