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Theresa figures she needs $200,000 in ten years to pull off an early retirement to an undisclosed location. How much must she save per year
- Theresa figures she needs $200,000 in ten years to pull off an early retirement to an undisclosed location. How much must she save per year using a fund that pays on average 12% per year?
Or Theresa can save the annual amount in 12 monthly installments and have the interest compounded monthly on her balance. How much must she save monthly over ten years using the same fund to get to $200,000?
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