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(a) Assume that you will retire after 30 years and invest your annual savings in an investment account that pays you the rate of 24.45%.

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(a) Assume that you will retire after 30 years and invest your annual savings in an investment account that pays you the rate of 24.45%. How much should you save every year to have a million dollars when you retire? (b) Your annual saving is $8,000 dollars and the rate of return is 24.45%. How many year should you retire to have a million dollars at retirement

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