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If Lou would like to receive $2,500 monthly payments at the end of each month, for 20 years, and would like to have $50,000 left
If Lou would like to receive $2,500 monthly payments at the end of each month, for 20 years, and would like to have $50,000 left at that point, how much would he need to invest today assuming he could earn 6% compounded monthly?
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