You’d like to buy a small ranch when you retire in 32 years. You estimate that in 32 years you’ll ne
You’d like to buy a small ranch when you retire in 32 years. You estimate that in 32 years you’ll need $13 million to do so. If you can earn 0.9% per month, how much will you need to invest each month (for 32 years), starting next month, in order to reach your goal? Round to the nearest cent.
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