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Determine the amount of money you must save each month

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Reference no: EM132998731

Question - Suppose that you can invest money every month into a fee-free mutual fund and that this fund is expected to have a 10% nominal annual rate of return. Using your estimated future cost ($34,665.97)) as future value, determine the amount of money you must save each month for the next 10 years (i.e., 120 months) to achieve your goal.

Reference no: EM132998731

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