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You have sat down to do some retirement planning and concluded that, in order to live the retirement lifestyle that you desire, you will need

You have sat down to do some retirement planning and concluded that, in order to live the retirement lifestyle that you desire, you will need $1.2 million in 40 years.If you can start saving now (instead of 5 years from now) how much will you need to contribute monthly if you can invest your money at an average APR of 9% compounded semi-annually in order to achieve your savings goal in 40 years?

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