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Suppose you have an account that pays an APR of 4% compounded monthly. You begin putting...

Suppose you have an account that pays an APR of 4% compounded monthly. You begin putting $1000 per month into the account at age 30.

(a) What size nest egg do you build at age 65? Round to the whole dollar.

(b) If your life expectancy at retirement is 25 years, what will your monthly income be? Round to the whole dollar.

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b)

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