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Ms . Richert expects to retire in 3 0 years, and she wishes to accumulate $ 1 , 0 0 8 , 0 0 0

.

Richert expects to retire in

30

years, and she wishes to accumulate $

1, 008, 000

in her retirement fund by that time. If the interest rate is

15

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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