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4. Suppose your Professor currently has no savings, but wants to retire in 30 years as a millionaire. If he can earn 8.75%, compounded

4. Suppose your Professor currently has no savings, but wants to retire in 30 years as a millionaire. If he can earn 8.75%, compounded annually on his investments, how much should he set aside in equal installments today to reach his goal? [Beg]

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