Save each month if you can earn an annual return

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Reference no: EM13951879

You want to be a millionaire when you retire in 35 years. How much do you have to save each month if you can earn an annual return of 10.7 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

How much do you have to save each month if you wait 25 years before you begin your deposits? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Reference no: EM13951879

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Save each month if you can earn an annual return : You want to be a millionaire when you retire in 35 years. How much do you have to save each month if you can earn an annual return of 10.7 percent? How much do you have to save each month if you wait 25 years before you begin your deposits?

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