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Mr. Ky would like to retire in 20 years. At the time of his retirement, he is planning on purchasing an Oceanside condominium that is

Mr. Ky would like to retire in 20 years. At the time of his retirement, he is planning on purchasing an Oceanside condominium that is estimated to cost $3 million dollars 20 years from now. How much Mr. Ky should save each month to achieve his goal if the annual interest he can earn is 8 percent?

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