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When you graduate college at the age of 20, you want to start saving up for retirement. If your investment pays a fixed APR of
When you graduate college at the age of 20, you want to start saving up for retirement. If your investment pays a fixed APR of 8.5% and you want to have $500,000 when you retire in 45 years, how much would you need to deposit, at the beginning of each month, to reach this goal?
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