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John is 35 years old right now. He needs $550,000 at age of 65 to retire comfortably. If his 401K account can generate an average

John is 35 years old right now. He needs $550,000 at age of 65 to retire comfortably. If his 401K account can generate an average annual rate of return of 5%, how much money (Payment) he needs to put in right now annually

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