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Belle, who has just started her first full-time salary job is determined to have $1 million in her account by the time she retires. She is now 25 and hopes to retire at 65 years of age. Her investments have been earning 6.25% annual return and she thinks it's realistic that can be maintained.
Question 1: How much would Belle have to put aside each month, in order to reach her goal?
Question 2: What is the total amount of money she will have saved?
Question 3: How much interest will have been earned?
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