Invest money into retirement fund

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Reference no: EM132006802

A 25-year-old wants to invest money into a retirement fund to have $2,000,000 saved up when she retires at age 65. If she can earn 12% per year in an equity fund, calculate the amount of money she would have to invest in equal annual amounts and alternatively, in equal monthly amounts starting at the end of the current year or month respectively.

Reference no: EM132006802

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