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16. A recent college graduate decides he wants to retire as a millionaire ($1,000,000) after working for 30 years. He expects interest rates to be

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16. A recent college graduate decides he wants to retire as a millionaire ($1,000,000) after working for 30 years. He expects interest rates to be 9%. How much does he need to invest each year to meet his retirement goal? b.$12,553.88 d. $7,336.35 a. $33,333.33 c. $9.459.62

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