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If an investor age 25 deposits $100 a month in a mutual fund with an annualized return of 10% a year, he'll have about $640,000
If an investor age 25 deposits $100 a month in a mutual fund with an annualized return of 10% a year, he'll have about $640,000 at age 65. If he waits until age 40 to start saving, how much will he have to deposit each month to have the same amount at age 65?
A. $150
B. $225
C. $475
D. $800
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