Two years ago James invested $7700 in a security that has earned and is expected to continue to earn 4 percent per year compounded annually and that will pay investors 8 years from today. John wants to have as much money as James in 8 years from today.
How much would John need to invest every month for 8 years if he makes equal monthly investments, he makes his first monthly investment today, and he can earn 0.5 percent per month on his investments? Get Finance Help Today
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