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Axel is 33 years old, and has $47,000 accumulated in his RRSP already. Assume he will make an annual real rate of return of 2.1%.
Axel is 33 years old, and has $47,000 accumulated in his RRSP already. Assume he will make an annual real rate of return of 2.1%. How much does Axel need to save each year to reach his retirement goal of having $681,000 at age 65? Input your answer to the nearest dollar (with no minus sign).
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