Question: You started with nothing and saved $100/ month for 40 years. Use a calculator to find the amount of money you would have at the
You started with nothing and saved $100/ month for 40 years. Use a calculator to find the amount of money you would have at the end of 40 years. Assume you can earn 7% over the entire period. (hint: because you are saving monthly, the interest rate is 7%/12 and the number of payments is 1240 )
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