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You are wondering how much money should save for your retirement. You would like to be able to take out $ 3 , 0 0

You are wondering how much money should save for your retirement. You would like to be able to take out $3,000 per month for 20 years after you retire. You want to know what large amount of money you would need at the start of the 20 years to make this happen. You assume that interest rates will remain at 8% compounded monthly. How much will you need?

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