How much do need to deposit on a monthly basis

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You want to have $1 million to use for retirement in 35 years.

Problem 1: If you can earn 1% per month, how much do you need to deposit on a monthly basis if the first payment is made in one month?

Problem 2: What if the first payment is made today?

Problem 3: You are considering preferred stock that pays a quarterly dividend of $1.50.

Problem 4: If your desired return is 3% per quarter, how much would you be willing to pay?

Reference no: EM132662779

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