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How much do need to save at the end of each month

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Question 1: You plan to save for your retirement. Suppose that you have 40 years to work and save money and another 30 years after you retire. If you need $6,000 at the beginning each month during retirement, how much do you need to save at the end of each month before retirement? Assume the interest rate is always 4%

Reference no: EM132482232

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