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Question 8 (0.2 points) You are planning your retirement and you come to the conclusion that you need to have saved $2000000million in 30 years.

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Question 8 (0.2 points) You are planning your retirement and you come to the conclusion that you need to have saved $2000000million in 30 years. You can invest into an retirement account that guarantees you a 12% annual return. How much do you have to put into your account at the end of each year to reach your retirement goal? Your Answer: Answer Hide hint for Question 8 calculating annuity annual payment N=# of years 1/Yeannual rate of return (if it is 10% or 0.10, then input 10 here, your calculator will treat it as 10%) PV=0 FV- your retirements CPT (compute) PMT

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