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Mr . Thompson has calculated he needs to have saved $ 3 0 0 , 0 0 0 when his twin daughters enter college in

Mr. Thompson has calculated he needs to have saved $300,000 when his twin daughters enter college in 16 years from now. How much money does Mr. Thompson need to save at the start of each month, assuming a 9% per year return on the Thompsons portfolio.

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