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ayman is 30 years old, he plan to retire at 65. He plan to sell his house. The current price of the house is 150,000,
ayman is 30 years old, he plan to retire at 65. He plan to sell his house. The current price of the house is 150,000, however prices increase' by 5% yearly. Ayman plan to move to Turkey and to buy a house with same price that he would receive from selling his house. Ayman thinks he would need $1500 Monthly for living until he become 90 years. if the interest is 4% yearly. Ayman can save monthly $.100.
1)Do you think that Ayman ' would be able to aeheiue his dream
2) If your answer is No. what is the min. monthly deposit.
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