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Posted on Jul 21, 2024

If you want to save $1,000,000 for retirement with $200 monthly deposits (end-of-month) at 7 percent interest compounded monthly, how long will it take? a.

If you want to save $1,000,000 for retirement with $200 monthly deposits (end-of-month) at 7 percent interest compounded monthly, how long will it take?

a. 50.4 years b. 48.8 years c. 47.3 years d. 51.2 years

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