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5 . Suppose you want to have $ 7 0 0 , 0 0 0 for retirement in 2 5 years. Your account earns 9

5. Suppose you want to have $700,000 for retirement in 25 years. Your account earns 9% interest.
a) How much would you need to deposit in the account each month?
b) How much interest will you earn?

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