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An investor can afford to set aside $900 per month for retirement. He/she anticipates earning an average 8% return over a 30-year period. This investor

  1. An investor can afford to set aside $900 per month for retirement. He/she anticipates earning an average 8% return over a 30-year period. This investor would like to have $2,000,000 at retirement in 30 years. Will this investor meet this goal given the $900 per month contribution? How much more must this person set aside each month to meet the goal of $2,000,000 at retirement? If the investor cannot afford the additional contribution needed to meet the goal, what are some other options in planning for his/her retirement?

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