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Randy Hill wants to retire in 1 5 years with $ 1 , 5 0 0 , 0 0 0 . If he can earn

Randy Hill wants to retire in 15 years with $1,500,000. If he can earn 10 percent per year on his investments, how much does he need to deposit each year to reach his goal? Use Exhibit 1-B.(Round your answer to the nearest dollar.)
Multiple Choice
$47,211
$50,000
$100,000
$4,766
None of these choices are correct.
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