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Ruth has decided that she wants to build enough rekirement wealth that, if irvested at 7% per year (compounded monthly), will provide ber with $3,100

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Ruth has decided that she wants to build enough rekirement wealth that, if irvested at 7% per year (compounded monthly), will provide ber with $3,100 of monshly inoorne for, date, she has saved nothing, but she still has 25 years until she retires. How much money does Ruth need to contrizute per manth to reach her gaal? $46425 330427 3608:11 $541.44 $625.81 Ruth has decided that she wants to build enough rekirement wealth that, if irvested at 7% per year (compounded monthly), will provide ber with $3,100 of monshly inoorne for, date, she has saved nothing, but she still has 25 years until she retires. How much money does Ruth need to contrizute per manth to reach her gaal? $46425 330427 3608:11 $541.44 $625.81

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