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Suppose you want to have $700,000 for retirement in 20 years. Your account earns 8% interest.

a) How much would you need to deposit in the account each month?

$

b) How much interest will you earn?

$

a) How much would you need to deposit in the account each month?

$

b) How much interest will you earn?

$

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Box 1: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

Enter DNE for Does Not Exist, oo for Infinity

Box 2: Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172

Enter DNE for Does Not Exist, oo for Infinity