Month for twenty years

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You and your wife are planing to save for your future. Your wife plans to save $200 a month, starting today, for twenty years. You plan to save $225 a month for twenty years, starting one month from today. Both you and your wife expect to earn an average return of 9.5 percent on your savings. At the end of the twenty years, your wife will have approximately how much less than you.

Reference no: EM131710135

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