An individual invests in a mutual fund that tracks the, Financial Management

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An individual invests in a mutual fund that tracks the

An individual invests in a mutual fund that tracks the S&P500. Historically, that fund has returned 8% per year. Given the age of retirement is 65 years old and the individual is 25 years old, how much money would he/she have to save per month to have a million dollars by retirement?

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Financial Management: An individual invests in a mutual fund that tracks the

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