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Jennifer is your first individual client. She is a college student at age 20. She asks you to help her set up a financial plan
Jennifer is your first individual client. She is a college student at age 20. She asks you to help her set up a financial plan to make sure that she can have adequate savings at her age 65 when she plans to retire. If she thinks she needs to have $1.25 million when she retires, with an average annual interest rate 8%, which was calculated based on some historical data, how much money does she need to save every month from now to her age 65?
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