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assume you would like to have $500,000 by the time you reach retirement. Assume a 5% interest rate and 20 years until retirement. What will

assume you would like to have $500,000 by the time you reach retirement. Assume a 5% interest rate and 20 years until retirement. What will you need to contribute monthly to achieve your goal? How would your contributions change in the above problem if you had 30 years until retirement? What if you had 40 years?

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