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Our Minor Project requires you to create a savings and investing plan to reach a total savings of $1,000,000. The objective is to accumulate $1,000,000
Our Minor Project requires you to create a savings and investing plan to reach a total savings of $1,000,000.
The objective is to accumulate $1,000,000 in savings, in 30 years from today.
- What amount of money must be set aside each month, to reach our goal, assuming that the money is not invested and no interest is earned?
Please, show your calculations and include your results in a table, for ease of comparison.
Based on the above calculations, how difficult is it to become a millionaire?
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