Question: 2 ( 2 5 ) . A person who is 2 5 years old expects to retire at 6 5 and would like to have

2 (25) .

A person who is

25

years old expects to retire at

65

and would like to have

1

million dollars at his retirement account when he retires.How much should he save every

3

month if the yearly interest rate is

12 % ?

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