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You are currently 25 years old and want to retire at age 65. You believe that you can earn 9% on your investments over the
You are currently 25 years old and want to retire at age 65. You believe that you can earn 9% on your investments over the long term. You expect to live until you turn 85. If you want to have $20,000 at the beginning of each month during your retirement, how much must you invest at the end of each month until you retire?
NOTE: Kindly use excel to show me how to calculate. Thanks
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