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You want to retire has a millionaire. How much do you need to put away each month if: 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:

  • You use common stocks and have an average return of 10%?
  • You use corporate bonds and have an average return of 6%?
  • You use government bonds and have an average return of 4%?
  • You put your money in a CD at 2.5% interest rate?

(use your own age. If you are over 45, solve for saving a $100,000.)

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