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How much money would have in forty years of consistently

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Problem 1: If you could only save $1 per day, and invest it the small stock index, which on average returns 17% per year. Assume you invest on monthly basis, and average of 30 days per month (so you save each day, and invest the savings at the end of the month). How much money you would have in 40 years of consistently doing this, and if all assumptions hold?

Reference no: EM132997933

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