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Mario plans to have 1 , 0 0 0 , 0 0 0 at the end of 2 5 years by investing an unknown amount

Mario plans to have

1, 000, 000

at the end of

25

years by investing an unknown amount annually in a retirement account that earns

6.48 %

interest compounded annually. What amount does Mario need to invest each year to achieve the desired value of

1, 000, 000,

assume he has zero dollars saved as of today?

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