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7. a) Jayne plans to retire in 35 years, when she is 55, and hopes to have $1 000 000 saved. For each investment option
7. a) Jayne plans to retire in 35 years, when she is 55, and hopes to have $1 000 000 saved. For each investment option below, how much does she need to invest at the end of each month to reach her goal? i) 14.6% compounded monthly ii) 6.9% compounded monthly b) Compare the rates of return for options i) and ii). Which option should she choose
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