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You want to retire has a millionaire. How much do you need to put away each month if: A.You use common stocks and have an
You want to retire has a millionaire. How much do you need to put away each month if:
A.You use common stocks and have an average return of 10%?
B.You use corporate bonds and have an average return of 6%?
C.You use government bonds and have an average return of 4%?
D.You put your money in a CD at 2.5% interest rate?
(Use the age 21.)
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