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You have a retirement portfolio with a current balance of $10,000. You plan to retire 50 years from now and would like to have $3
You have a retirement portfolio with a current balance of $10,000. You plan to retire 50 years from now and would like to have $3 million in your portfolio at that time. Suppose r = 8%. What MONTHLY fixed payment would you need to make into your portfolio in order to reach your financial goal?
$800.00 | ||
$4,4110.15 | ||
$310.30 | ||
None of the above |
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