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Your friend will graduate college at the age of 23 and wishes to retire at age 43. Your friend will contribute the same amount each

Your friend will graduate college at the age of 23 and wishes to retire at age 43. Your friend will contribute the same amount each month to an account that earns 7%, compounded monthly. If your friend starts with $0, how much will they need to contribute each month to retire with $750,000?



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