Explain how much do you need to save each month

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Reference no: EM132051460

You want to have $2,000,000 saved by the time you retire which is in 45 years. You can invest your money a portfolio that is estimated to earn 8% per year.

You have no money saved today but would like to start investing starting at the end of this month. How much do you need to save each month?

Reference no: EM132051460

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