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How much should save each month

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Sarah wants to go buy a house in Hawaii 15 years from now. She estimates she'll need $400,000 at that time to make this purchase. She plans to save each month at the end of the month for the next 15 years, and invest it at a rate of 8% a year, compounded monthly. How much should Sarah save each month?

Reference no: EM13763895

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