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Mike is planning to retire in 3 2 years. He is thinking about opening a retirement account and plans to invest an equal amount each

Mike is planning to retire in 32 years. He is thinking about opening a retirement account and plans to invest an equal amount each year into the account. He expects to earn 10.5% per year in the account and is planning to have $1,500,000 in the account at retirement, what is the amount of Mikes annual investment?$7,922$6,728$5,387$4,727None of the above

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