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Fortyyears ago, you had a balance of $10,000 in your retirement account. Today, after making annual contributions for 40 years, you have $1,000,000 in the

Fortyyears ago, you had a balance of $10,000 in your retirement account. Today, after making annual contributions for 40 years, you have $1,000,000 in the same account. If the account earnedannual interest of 8%, how muchdid you contribute to the account each year?

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