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What Does Shelley Need to Save Monthly to Make Sure

Question 66

Multiple Choice

What does Shelley need to save monthly to make sure she is on track to reach her retirement goal of having $440000 saved by the time she reaches age 65? She is 48 years old,has been contributing $400 per month and has $180000 in her RRSP.Assume she will make an annual return of seven percent.


A) $1275
B) $336
C) $1133
D) $681

Correct Answer:

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