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A 2 4 year - old person plans to have $ 1 , 3 2 0 , 0 0 0 in retirement savings at age

A 24 year-old person plans to have $1,320,000 in retirement savings at age 67. The person currently has $3,000 in savings and plans on earning 9%/year on all savings. How much will the person have to save per year to have the desired amount at 67?

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