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You begin saving for retirement at age 25, and you plan to retire at age 65, You want to deposit a certain amount each month

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You begin saving for retirement at age 25, and you plan to retire at age 65, You want to deposit a certain amount each month into an account that pays an APR of 3% compounded monthly. Make a table that shows the amount you must deposit each month in terms of the nest egg you desire to have when you retire. (Round your answers to the nearest cent.) | Nest egg size Needed deposit $100,000 $200,000 $300,000 $ $400,000 $500,000 $600,000 $ $700,000 $800,000 $900,000 $1,000,000 eBook Suppose you want to save in order to purchase a new boat. Take the APR to be 8.4% You want to have $13,000 toward the purchase of a boat in three years. How much do you need to deposit each month? (Round your answer to the nearest cent.) 309.0347X eBook

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