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Laila is 30 years old and wishes to retire when she is 60 years old. She wants to cumulate $3,000,000 when she retires. To do
Laila is 30 years old and wishes to retire when she is 60 years old. She wants to cumulate $3,000,000 when she retires. To do this, Laila needs to deposit an equal amount into the bank at the beginning of each year. If she can earn 6% compounded annually, how much do Laila needs to deposit each year
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