Account at the end of each month to meet your goal

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Reference no: EM13826147

Suppose you want to retire in exactly 30 years. At that time, you wish to have $500,000 in your retirement account. If the applicable rate is 5.78%, compounded monthly, how much would you need to put into the account at the end of each month to meet your goal?

Reference no: EM13826147

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