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If the interest rate is 7 per year how much must you save

You believe you will need to have saved $600,000 by the time you retire in 40 years in order to live comfortably. If the interest rate is 7% per year, how much must you save each year to meet your retirement goal? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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Finance Basics: If the interest rate is 7 per year how much must you save

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Finance Basics: If the interest rate is 7 per year how much must you save

Reference No:- TGS02859135

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