Earn an annual return

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You want to be a millionaire when you retire in 40 years. How much do you have to save each month if you can earn an annual return of 11.4 percent? How much do you have to save each month if you wait 10 years before you begin your deposits? How much do you have to save each month if you wait 20 years before you begin your deposits?

Reference no: EM131495611

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