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Business, 22.02.2021 21:40 vcornejo7

Sharon wants to retire in 25 years time, and so decides to start a new retirement savings account. She wants to accumulate 1000000 dollars by the time she retires. Initially, Sharon deposits 1000 dollars into the account. She will make further deposits at the end of each month. The account will earn interest at annual rate 10 percent, compounded monthly. How much will she have to deposit into the account each month in order to reach this target after 25 years

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Sharon wants to retire in 25 years time, and so decides to start a new retirement savings account. S...
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