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You are planning for your retirement in 1 5 years. At that time you want to have saved $ 4 , 5 0 0 ,

You are planning for your retirement in 15 years. At that time you want to have saved $4,500,000. How much do you need to save each month for the next 15 years if the interest rate on your investment will be 11% per year (APR)?

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