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Posted on May 19, 2024

Suppose you want to have $ 6 0 0 , 0 0 0 for retirement in 2 0 years. Your account earns 5 % interest.

Suppose you want to have $

600, 000

for retirement in

20

years. Your account earns

5 %

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

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