QUESTION 2. You would like to have $ 1,500,000 accumulated by the time you turn 65, which will be 43 years from now. How much would you have to put away each year to reach your goal assuming you're starting from zero now and you earn 12% annual interest on your investment? (Use the PMT function)

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To calculate the annual amount you need to put away to accumulate 1500000 in 43 years assuming an an... View the full answer