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Rocky, a recent 22-year old college graduate, wants to retire a millionaire. How much will he need to set aside annually to achieve his goal,

Rocky, a recent 22-year old college graduate, wants to retire a millionaire. How much will he need to set aside annually to achieve his goal, assuming he plans to retire at 65 and he can earn a 8% annual return on his investment? The amount Rocky will need to set aside annually is $____ (Round to the nearestcent.)

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