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It is more realistic to invest each month for retirement at

1. It is more realistic to invest each month for retirement at age 67 if you are now 25. Assume you can find an investment that will pay 3% annually and you want to accumulate $1,000,000. How much would you need to invest each month?

2. Find the interest earned if $2750 is deposited on June 12 and withdrawn on August 30. Assume 3.5% interest compounded daily.

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Financial Management: It is more realistic to invest each month for retirement at

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