An engineering student wants to amass 5m by the time she


An engineering student wants to amass $5M by the time she retires in 500 months. After savings from a co-op, graduation gifts, etc., she has $20,000 at graduation. Assuming a nominal annual rate of return of 5.5%, how much must she invest each month to achieve her goal ?

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Financial Accounting: An engineering student wants to amass 5m by the time she
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