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Assume that you are 28 years old, and you plan to retire at the age of 65. If you plan to have $750,000 in your
Assume that you are 28 years old, and you plan to retire at the age of 65. If you plan to have $750,000 in your account at the time of retirement, how much do you need to deposit monthly (at the end of each month) in your savings account until retirement? Assume the appropriate discount rate is a semi-annually compounded APR of 8%
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