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A) You want to retire with $2,000,000 in 30 years. You feel investment rates over the 30 years will be 7%. What annual payment (PMT)

A) You want to retire with $2,000,000 in 30 years. You feel investment rates over the 30 years will be 7%. What annual payment (PMT) will you need to invest each year to meet your target?

B) You currently have $1,000,000 and want to invest it so that it will be $3,000,000 in the future. Assuming an investment rate of 8%, how many years (n) will it take to accomplish your goals?

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