SageTheKiid7069 SageTheKiid7069

08-05-2024
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A person is 21 years old and plans on retiring at age 55. this person is going to invest $75 each month into an ira that is expected to earn 2.5% interest, compounded monthly. how much more money, rounded to the nearest dollar, is needed per month to reach a retirement savings goal of $100,000? a
A. $60
B. $160
C. $96
D. $106

Answer :

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