How much would an engineer need to save each month

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Reference no: EM132151220

Question: The average age of engineering students at graduation is a little over 23 years. This means that the working career of most engineers is almost exactly 500 months. How much would an engineer need to save each month to become a millionaire by the end of his/her working career? Assume a 15% annual interest rate compounded monthly. Go to two decimal places and do not put a $ sign in.

Reference no: EM132151220

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