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You wish to retire a multi-millionaire in 40 years. You invest in small cap stock expecting to earn 16% per year compounded nonthly. What amount

You wish to retire a multi-millionaire in 40 years. You invest in small cap stock expecting to earn 16% per year compounded nonthly. What amount must you invest per month to reach ten million dollars in 40 years? $23.15. $1489. $100 $232 $423.59

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