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Jeff wants to retire in 40 years. He will need $1,000,000 at that time to fund his retirement. An investment account pays 8% per year.

Jeff wants to retire in 40 years. He will need $1,000,000 at that time to fund his retirement. An investment account pays 8% per year. Jeff wants to make 10 equal annual deposits into the account and then wait 30 years; how much must each deposit be?

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