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What would be the clients monthly contributions

Problem:

You are a financial analyst and you have a client that wants to retire in 30 years with $1 Million. Your bank's interest rate is 6.7%. Design a financial plan for them. How much would be their initial deposit? Would you use simple or compound interest? Would you compound the interest annually or monthly? What would be your client's monthly contributions?

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Finance Basics: What would be the clients monthly contributions

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Finance Basics: What would be the clients monthly contributions

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