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20 You have 45 years left until retirement and want to retire with $4 million. Your salary is paid annually, and you will receive $50,000

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20 You have 45 years left until retirement and want to retire with $4 million. Your salary is paid annually, and you will receive $50,000 at the end of the current year. Your salary will increase at 3 percent per year, and you can earn an annual return of 9 percent on the money you invest. If you save a constant percentage of your salary, what percentage of your salary must you save each year? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e... 32.16.) 10 points Answer is complete but not entirely correct. 16.67 % Percent of salary to save

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