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How much money does need to contribute per month

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Problem 1: Monica has decided that she wants to build an app and tireman wealth that, if invested at 7% per year, will provide her with $3000 monthly income for 30 years. To date she has saved nothing but she still has 20 years until she retires. How much money does she need to contribute per month to reach her goal.

Reference no: EM132797376

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