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6-A financial advisor tells you that you can make your child a millionaire if you just start saving early. You decide to put an equal
6-A financial advisor tells you that you can make your child a millionaire if you just start saving early. You decide to put an equal amount each year into an investment account that earns 7.5% interest per year, starting on his first birthday. How much would you need to invest each year (rounded to the nearest dollar) to accumulate a million for your child by the time he is 35 years old?
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