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George is 45 years old. He is planning to have $1,000,000 when he retires at 65. He decided to start saving deposits at the beginning
George is 45 years old. He is planning to have $1,000,000 when he retires at 65. He decided to start saving deposits at the beginning of each year at the National Bank at a rate of 6%, compounded annually. What must his annual deposit be to reach his goal? *
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