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22 August, 05:46

At age 35 you start saving for retirement. If your investment plan pays an APR of 6% and you want to have $1.5 million when you retire in 30 years, how much should you deposit monthly? Assume an ordinary annuity.

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  1. 22 August, 08:41
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    I would suggest you deposit $1,493.26 monthly
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