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Posted on Sep 07, 2024

Suppose you want to have $ 4 0 0 , 0 0 0 for retirement in 2 5 years. Your account earns 7 % interest.

Suppose you want to have $

400, 000

for retirement in

25

years. Your account earns

7 %

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

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