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Posted on Aug 07, 2024

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

Suppose you want to have $

700, 000

for retirement in

25

years. Your account earns

5 %

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

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