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You are investing to achieve the following goals: A down payment for a cottage in the amount of $8000 in six years, $4000 for a
You are investing to achieve the following goals: A down payment for a cottage in the amount of $8000 in six years, $4000 for a trip to Europe in three years, and to supplement retirement income in 24 years. If you can earn 7 percent compounded monthly on your investments, how much should you be saving each month?
A) $392. B) $377. C) $409. D) $396.
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