Planning to retire-future general inflation rate

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A man is planning to retire in 20 years. Money can be deposited at? 6% interest compounded? monthly, and it is also estimated that the future general inflation ?(f overbarf ?) rate will be? 4% compounded annually. What amount of? end-of month deposit must be made each month until the man retires so that he can make annual withdrawals of? $60,000 in terms of? today's dollars over the 15 years following his? retirement? (Assume that his first withdrawal occurs at the end of the first six months after his? retirement.)

Reference no: EM131309927

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