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Jennifer would like to have $1,250,000 in her retirement when she retires 30 years from today. Assuming retirement savings can earn an annual rate

Jennifer would like to have $1,250,000 in her retirement when she retires 30 years from today. Assuming retirement savings can earn an annual rate of return of 8 percent and that her first equal annual deposit is made one year from today, how much must she save annually to reach her goal?

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