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On January 1, Susan wants to know how much she should begin saving at the end of each month to fund her retirement nest egg.
On January 1, Susan wants to know how much she should begin saving at the end of each month to fund her retirement nest egg. She wants to have 5,000,000 at the start of her retirement. Interest is compounded monthly.
What is the most accurate variable the value $5,000,000 represents? (PV, FV, PVA, FVA, PVAD, FVAD)
Given a value for n and i, what variable are you asked to find?
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