Your investment goal is to have $3,000,000 in 40 years for retirement. You decide to invest in

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Your investment goal is to have $3,000,000 in 40 years for retirement. You decide to invest in a mutual fund today that pays 12% per year compounded monthly.

How much must you invest at the end of each month for 40 years to meet your investment goal?

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Personal Financial Planning

ISBN: 9780357438480

15th Edition

Authors: Randy Billingsley, Lawrence J. Gitman, Michael D. Joehnk

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Posted Date: Oct 19, 2023 01:15 AM

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Your investment goal is to have $3,000,000 in 40 years for retirement. You decide to invest in

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Personal Financial Planning

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