Use the savings plan formula to answer the following question. At age 45, you start saving...
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Use the savings plan formula to answer the following question. At age 45, you start saving for retirement. If your investment plan pays an APR of 7% and you want to have $1 million when you retire in 20 years, how much should you deposit monthly? You should invest $ each month. (Do not round until the final answer. Then round to two decimal places as needed.) Use the savings plan formula to answer the following question. At age 45, you start saving for retirement. If your investment plan pays an APR of 7% and you want to have $1 million when you retire in 20 years, how much should you deposit monthly? You should invest $ each month. (Do not round until the final answer. Then round to two decimal places as needed.)
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Related Book For
Personal Finance Turning Money into Wealth
ISBN: 978-0134730363
8th edition
Authors: Arthur J. Keown
Posted Date:
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