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Ross has decided that he wants to build enough retirement wealth that, if invested at 7 percent per year, will provide him with $3,300 of monthly income for 25 years. To date, he has saved nothing, but he still has 15 years until he retires.

How much money does he need to contribute per month to reach his goal? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92791534

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