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How much do you need to save every month

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Retirement Scenario- You are 35 years old and plan on retiring at age 65. How much do you need to save every month until age 65 to ensure that you will have $3,000 per month to live on until you reach the age of 95? You have no money in the bank now and you expect to earn 5% per year on your investments forever. Please show your work.

Reference no: EM131832562

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