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Dominic Dolce wants to have a million dollars at retirement, which is 15 years away. He already has $200,000 in an investment account earning 8
Dominic Dolce wants to have a million dollars at retirement, which is 15 years away. He already has $200,000 in an investment account earning 8 per cent annually. How much does he need to save each year, beginning at the end of this year to reach his target? Assume he could earn 8 per cent on any investment he makes. (Round to the nearest dollar.)
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