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Use the savings plan formula to answer the following question. At age 4 5 , you start saving for retirement. If your investment plan pays

Use the savings plan formula to answer the following question.

At age $45,$ you start saving for retirement. If your investment plan pays an APR of $7 %$ and you want to have $ $1.3$ million when you retire in $20$ years, how much should you deposit monthly?

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Use the savings plan formula to answer the following question. At age 4 5 , you start saving for retirement. If your investment plan pays

Use the savings plan formula to answer the following question. At age 45, you start saving for retirement. If your investment plan pays an APR of 7% and you want to have $1.3 million when you retire in 20 years, how much should you deposit monthly?

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Use the savings plan formula to answer the following question.

At age $45,$ you start saving for retirement. If your investment plan pays an APR of $7 %$ and you want to have $ $1.3$ million when you retire in $20$ years, how much should you deposit monthly?