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Posted on May 19, 2024

Suppose you want to have $ 6 0 0 , 0 0 0 for retirement in 3 0 years. Your account earns 8 % interest.

Suppose you want to have $

600, 000

for retirement in

30

years. Your account earns

8 %

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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