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You plan on working for the next 35 years before retiring and you would like to accumulate $2 million when you stop working. If you
You plan on working for the next 35 years before retiring and you would like to accumulate $2 million when you stop working. If you start today, how much will you deposit each month to reach $2 million in retirement? Assume you will average a 7% annual rate of return in deposits will be made at the end of each month.
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