Mark has decided to start saving for retirement. He has 15 years until retirement and would like to retire a millionaire. His advisor has told him that he should invest 50% in large company stocks and 50% in long-term corporate bonds. How much does he need to invest each month to retire with $1,000,000?
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What if Mark invested the same amount of money each month in just large company stocks?
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What if Mark invested the same amount of money each month in just long-term corporate bonds?
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