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Your brotheris 25 andrecently graduated college and has started working full time.He currently has no money.He wants to retire at age 45as a millionaire.You recommend

Your brotheris 25 andrecently graduated college and has started working full time.He currently has no money.He wants to retire at age 45as a millionaire.You recommend that he investmonthlyin a stock mutual fund that would earn him 9%, compounded monthly.How much will your brother have to invest each month to achieve his goal?What would the answer be if he retired atage70 instead?

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