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Ms . Richert expects to retire in 2 6 years, and she wishes to accumulate $ 1 , 0 4 0 , 0 0 0

Ms. Richert expects to retire in 26 years, and she wishes to accumulate $1,040,000 in her retirement fund by that time. If the interest rate is 12 percent per year, how much should Ms. Richert put into her retirement fund at the end of each year in order to achieve this goal?
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$6,917,93
$4,160.00
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