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You are planning to retire in 40 years and will make monthly contributions to save for retirement. Your first deposit is scheduled for the end
You are planning to retire in 40 years and will make monthly contributions to save for retirement. Your first deposit is scheduled for the end of this month. The contributions to the retirement account are $600 per month. Suppose your expected return on your portfolio is 10% annually (but your interest is compounded monthly), what is the expected future value of your savings? What is the value of your savings today
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