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Please show all work 3. (Ch. 5) Li is now 26 and he wants to become millionaire (1 million) when he's 40. He can save

image text in transcribed Please show all work
3. (Ch. 5) Li is now 26 and he wants to become millionaire (1 million) when he's 40. He can save $10,000 at the end of the year for the next 4 years. Thereafter, he can save $60,000 every year. If he can make 8% on his stock investment every year. Can he realize his dream when he is 40? (966477.07)

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