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(1). At age 25, you will begin saving for your retirement, which you plan to take at age 55. How much must you save each

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(1). At age 25, you will begin saving for your retirement, which you plan to take at age 55. How much must you save each year over the next 30 years in order to have $5,000,000 waiting for you at age 55, assuming that the compound interest rate is 6.0%? A. $35,704 B. $41,319 $52,617 $63,245 $70,059

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