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8. You are 20 years old and you want to have $1,500,000 by the time you are 62 years old. You believe by putting money

8. You are 20 years old and you want to have $1,500,000 by the time you are 62 years old. You believe by putting money in the stock market you can earn 7.8% return. How much should you put in each year to reach this goal

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