What is the monthly amount mary should save

Reference no: EM132004184

Question: Mrs. Mary, would like to retire in 28 years. She would like to accumulate, 600,000 live a contented life. She would like set aside equal amount each month to achieve her goal. What is the monthly amount Mary should save if she can invest them at an interest rate of 10.2% [Annual rate] [Assume monthly compounding]

Reference no: EM132004184

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