How much should each of her deposits be

Reference no: EM133616820

Problem: 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 29 years with an amount of money that has the same buying power as $279,619 has today. If the anticipated rate of inflation if 2.3%, how much should each of her deposits be?

Reference no: EM133616820

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