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Marcie wants to have $1,300,000.00 when she retires in 20 years. She wants to make monthly deposits into an investment account that pays 4%
Marcie wants to have $1,300,000.00 when she retires in 20 years. She wants to make monthly deposits into an investment account that pays 4% interest compounded monthly. Round your answers to the nearest cent. a) How much does she need to invest each month? b) How much interest will she earn from this investment?
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
4th Canadian edition
134724712, 134724713, 9780134779782 , 978-0134724713
