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A 20-year-old wishing to have $3 Million when they retire at age 65 (in exactly 45 years) would need to invest (deposit) more than $60,000
A 20-year-old wishing to have $3 Million when they retire at age 65 (in exactly 45 years) would need to invest (deposit) more than $60,000 today, earning 9%, in order to achieve their goal.
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