Question 9 (3 points) Assume that Ray is 20 years old and has 45 years...
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Question 9 (3 points) Assume that Ray is 20 years old and has 45 years for saving until he retires. He expects an APR of 6% on his investments. How much does he need to save if he puts money away monthly in equal end-of-the-month amounts to achieve a future value of $2,000,000 dollars in 45 years' time? $232.17 O $548.83 $725.69 $1,104.75
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