How much should each of her deposits be

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Martha starts saving for her retirement by making monthly deposits into a retirement account whose annual rate is 3.9%. She plans to retire in 22 years with an amount of money that has the same buying power as $275,422 has today. If the anticipated rate of in?ation if 23%, how much should each of her deposits be? Round your answer to the nearest dollar.

Reference no: EM133063064

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