1 . If you invest the savings at the end of each month and eam 9% compounded monthly, how much (rounded to the nearest dollar) will you accumulate after: a. 20 years ? b. 30 years ? c. 40 years.

2. How much will your investment portfolio be worth after 40 years if it earns: a.) 8% compounded monthly? b . )10% compounded monthly .

3. If the rate of interest 2.4 compounded monthly, how many dollars will you need 40 from now the same purchasing power as \$1,000,000 today ?

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