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How much should you save each month

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Question - Today, you are 25 years old with $1,800 of savings. You want to retire at the age of.65 with a monthly income of $7,500. You expect to live to 92. If you think you can earn 7%, compounded monthly, both before and after retirement, how much should you save each month for the next 40 years so that you can reach your retirement savings goal?

Reference no: EM133081535

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