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How many shares can he purchase monthly

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Question - Bob Eberhart wants to retire in 10 years he's heard that he needs either $1 million or 10 to 12 times his current income of $60,000 saved. He doesn't have either. His goal now is to save. Saving can double his nest egg if the stock market continues to deliver 7% annually in this decade. He sold his second car and is saving $500 per month. How many shares can he purchase monthly with an NAV of $22.74?

Reference no: EM133173085

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