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How many years would it take for Jughead to save an adequate amount for retirement if he deposits $2,000 per month into an account beginning
How many years would it take for Jughead to save an adequate amount for retirement if he deposits $2,000 per month into an account beginning today that pays 12 percent per year if he wishes to have a total of $1,000,000 at retirement?
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41.6 years
14.9 years
13.7 years
11.5 years
15.6 years
Please show work. Thank you so much!
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