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( 1 5 Points ) John, a recent graduate at 2 2 , has just started working in a tech company with an annual salary

(15 Points) John, a recent graduate at 22, has just started working in a tech company with an annual
salary of $87,000. His financial goal is to independently fund his retirement without relying on employer
pension plans or Social Security. John aims to accumulate $1.25 million by the time he turns 67. He is
confident of achieving an average annual interest rate of at least 4% on his investments.
Assuming John starts making equal annual deposits into his retirement fund starting from his 23rd
birthday and continues through his 67th birthday, the question arises: What annual investmentamount is
required to achieve his retirement savings goal of $1.25 million?
x1=40,x2=45
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