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Posted on Jul 25, 2024

Suppose you want to have $ 4 0 0 , 0 0 0 for retirement in 3 5 years. Your account earns 6 % interest.

Suppose you want to have $

400, 000

for retirement in

35

years. Your account earns

6 %

interest. How much would you need to deposit in the account each month?

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