Question: solve this question Problem (11 marks) 1. Evan plans to retire in 25 years, when he is 65. He estimates that he will need $480,000

solve this question

solve this question Problem (11 marks) 1. Evan plans to retire in

Problem (11 marks) 1. Evan plans to retire in 25 years, when he is 65. He estimates that he will need $480,000 to supplement his company pension, How much money must he invest monthly, at 5% also compounded monthly, to meet his goal? (2 marks)

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