How to earn a 9 percent annual return compounded monthly

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You want to be a millionaire when you retire in 40 years. If you can earn a 9 percent annual return compounded monthly, you have to save each month. If you wait 10 years before you begin your deposits, you will then have to save each month. If you wait 20 years, you will then have to save each month.

Reference no: EM13328877

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