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I need $1,500,000 in 15 years if I am going to retire. I currently have $200,000 saved for my retirement. A slick Wallstreet investment expert
I need $1,500,000 in 15 years if I am going to retire. I currently have $200,000 saved for my retirement. A slick Wallstreet investment expert has convinced me to invest my $200,000 in savings in his mutual fund program. His fund has projected annual returns of 12%. How much will I need to contribute annually (assume at the end of every year) to meet my investment objectives at this projected rate of return?
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