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Suppose you want to have $700,000 for retirement in 35 years. Your account earns 7% interest. How much would you need to deposit in the account each month?
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Suppose you want to have $700,000 for retirement in 35 years. Your account earns 7% interest. How much would you need to deposit in the account each month?

User Josiane Ferice
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Answer:

Therefore, you would need to deposit $1,068.19 each month to have $700,000 in 35 years with a 7% interest rate.

Explanation:

User Marcelo
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