He would like to accumulate 1000000 for his retirement fund, Financial Management

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He would like to accumulate 1000000 for his retirement fund

Mr. Wise is retiring in 25 years. He would like to accumulate $1,000,000 for his retirement fund by then. He plans make equal monthly payments to achieve his goal. If the rate of return on the retirement fund is 12% (APR), what will his monthly payments be?

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Financial Management: He would like to accumulate 1000000 for his retirement fund

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