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a) How much must be placed each month into a retirement account earning 11% compounded monthly if the value of the account is to reach
a) How much must be placed each month into a retirement account earning 11% compounded monthly if the value of the account is to reach $ 1,000,000 in 30 years?
Answer = $
b) If the account continues to earn 11% after retirement, how much per year will the account earn? Answer = $
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Finance For Non Financial Managers
Authors: Pierre Bergeron
6th Edition
0176501630, 9780176501631
