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Monica has decided that she wants to build enough retirement wealth that, if invested at...

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Accounting

Monica has decided that she wants to build enough retirement wealth that, if invested at 10 percent per year, will provide her with $3,700 of monthly income for 25 years. To date, she has saved nothing, but she still has 30 years until she retires.

How much money does she need to contribute per month to reach her goal?

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