How much do you have to save each month


Problem

You want to be a millionaire when you retire in 40 years. How much do you have to save each month if you can earn an annual return of 10.5 percent? How much do you have to save each month if you wait 10 years before you begin your deposits? 20 years?

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Managerial Accounting: How much do you have to save each month
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