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You just turned 25 years old and want to retire when you turn 65. You expect to live for 25 years after retirement and want to withdraw $50,000 per year in retirement, starting on your 65th birthday. You expect to earn a return of 5% on your investments every year. How much money should you save each month if you make the first deposit now and the last one one month before you turn 65?

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Financial Management, Finance

Category:- Financial Management
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