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A newly married couple decide to save early for their retirement. They open a new brokerage account. at the end of every year they deposit
A newly married couple decide to save early for their retirement. They open a new brokerage account. at the end of every year they deposit $2,000 into the account. The expected return on their account is 9% per year. They want to retire when the account has $5,000,000. How long will it take them to reach their goal?
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