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A technology student projects that theyll need $3.0 million in retirement savings after 40 years of employment. Assuming the same amount will be contributed each
A technology student projects that theyll need $3.0 million in retirement savings after 40 years of employment. Assuming the same amount will be contributed each month, how much should this person put away each month (likely a combination of their contribution and their employers contribution) for 40 years to have at least have $3.0 million saved by the end of their working career? Assume an annual nominal interest rate of 6.0% compounded monthly.
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