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(Solved): Mark Is Planning To Retire. In Order To Do That, He Wants 4000$ Taken Out From His Savings Account M...


Mark is planning to retire. In order to do that, he wants 4000$ taken out from his savings account monthly for 35 years after he retires. He is not going to retire for the next 30 years but wants to contribute to this plan from next year itself. The rate of interest is going to be 6 % annually . What is going to be the payment that Mark needs to pay one year from now in order to achieve this plan.



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