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3 years ago

6

a 30 year oldworker plans to retire at 65 and wants to have 500,000$ saved for retirement. how much needs to be put in now at a

3.5 percent compunded monthly to meet the 500,000 goal

1 answer:

nataly862011 [7]3 years ago

7 0

4081.63 should be right yearly, but for monthly it is <span>340.14</span>

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<u>Let's take this problem step-by-step</u>:

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<u>Now we know:</u>

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