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3. Assume they have $5,000 already set aside for the purpose of retirement, how much would they have to save every year, at the

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3. Assume they have $5,000 already set aside for the purpose of retirement, how much would they have to save every year, at the beginning of each year starting now, in order to attain the goal of $2 million by the time they retire? Assume they are able to achieve an average rate of return on their savings of 7%.

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