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How much does he need to invest each month

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Q1. Alfred wants to have $1,350,000 on the day he retires 34 years from now. If he earns 7.00% annual return on his investments, how much does he need to invest each month, in order to reach his goal?

Q2. Peter plans to have $850,000 on the day he retires 30 years from now. If he earns 6.00% annual return on his investments, how much does he need to invest each month, in order to reach his goal?

Q3. Andrew plans to have $1,235,000 on the day he retires 31 years from now. If he earns 7.50% annual return on his investments, how much does he need to invest each month, in order to reach his goal?

Reference no: EM133124298

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