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Earn an annual return

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Reference no: EM132123995

You want to be a millionaire when you retire in 35 years.

a. How much do you have to save each month if you can earn an annual return of 10.7 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Savings per month starting today:

b. How much do you have to save each month if you wait 10 years before you begin your deposits? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)c.How much do you have to save each month if you wait 20 years before you begin your deposits? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

savings per month starting in 10 years:

c. How much do you have to save each month if you wait 20 years before you begin your deposits? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

savings per month starting in 20 years:

Reference no: EM132123995

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