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Posted on Mar 16, 2024

Suppose you want to have $ 1 , 0 0 0 , 0 0 0 for retirement in 2 5 years. Your account earns 4

Suppose you want to have $ $1, 000, 000$ for retirement in $25$ years. Your account earns $4 %$ interest.

a $)$ How much would you need to deposit in the account each month?

b $)$ How much interest will you earn?

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