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You earn $5,000 a month. After taxes, social security contributions, and living expenses you have $200 per month that you can and will save. What is the future value of $200 saved every month for 30 years if the annual rate of return is 6% assume annually compounding period. We are looking for the value of your savings 30 years from the time you stated saving.

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Financial Management, Finance

Category:- Financial Management
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