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Question 3 (of 6) O Save & Exit Submit value: 2.50 points You are 25 years old and need to have $1,000,000 in savings before

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Question 3 (of 6) O Save & Exit Submit value: 2.50 points You are 25 years old and need to have $1,000,000 in savings before you retire at age 75. You estimate you will receive an annual return of 8% on investments. a. How much do you need to put into retirement savings on an annual basis? (Input your answer as a positive value. Round your answer to 2 decimal places.) Annual retirement savings b. How much do you need to put into retirement savings on an annual basis if you get an annual return of 10%? (Input your answer as a positive value. Round your answer to 2 decimal places.) Annual retirement savings

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