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you are 30 years old and plan to retire at age 70 which is 40 years from now you would like to have 1.0 Mn

you are 30 years old and plan to retire at age 70 which is 40 years from now you would like to have 1.0 Mn at the end of 40 years which is when you retire what should your monthly payment be if you believe you can earn 9% compounded monthly

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