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If you want to be a millionaire at age of 6 0 , how much do you need to save every year? Assuming 0 .

If you want to be a millionaire at age of 60, how much do you need to save every year? Assuming 0.05 annual interest rate and you are 20 years old. Hint: there will be 40 equal annual contribution. Please round your result to 1 dollar.
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