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Posted on Sep 06, 2024

You believe you need $ 3 million when you retire in 4 0 years. You have already saved up $ 1 0 , 0 0

You believe you need $

3

million when you retire in

40

years. You have already saved up $

10, 000 .

You estimate you

ll earn

6 %

annually

(

with monthly compounding

) .

How much should you invest each month in order to meet your $

3

million goal?

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