question archive How to solve this - Assume that you want to retire in 30 years

How to solve this - Assume that you want to retire in 30 years

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How to solve this - Assume that you want to retire in 30 years. You intend to invest $500 per month into a mutual fund that you expect to return 8% per year. If you continue making these monthly investments for 30 years, what amount of money will you have at the end of the 30th year?

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