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Homework answers / question archive / You have a goal of saving $2,000,000 for retirement at age 65

You have a goal of saving $2,000,000 for retirement at age 65

Finance

You have a goal of saving $2,000,000 for retirement at age 65. If you are 23 years old and can invest at a rate of 7.5% per year, how much do you need to save monthly to accomplish your goal? You are starting with nothing saved for retirement.

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