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Posted on Jul 31, 2024

Suppose you want to have $ 9 0 0 , 0 0 0 for retirement in 4 0 years. Your account earns 7 % interest.

Suppose you want to have $

900, 000

for retirement in

40

years. Your account earns

7 %

interest. Feel free to use the Online Basic Financial Calculator

)

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

)

How much interest will you earn?

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