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( homework ) Suppose that you want to have $500,000 as a retirement nest egg in 30 years, and you plan to make equal monthly

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Suppose that you want to have $500,000 as a retirement nest egg in 30 years, and you plan to make equal monthly deposits to achieve your goal. If you are able to earn 6% (annually) on your savings, how much do your monthly deposits have to be? $497.75 $527.04 $1,388.89 $6,324.46 None of the above

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