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Sammy is 25 years old and has a dream of having $1,000,000 in his investment account by the time he turns 50. If he invests
Sammy is 25 years old and has a dream of having $1,000,000 in his investment account by the time he turns 50. If he invests in a fund that returns 7.5% per year (and compounds weekly), how much does he need to save per WEEK to get to $1,000,000?
a. | $300 per week | |
b. | $290 per week | |
c. | $261 per week | |
d. | $282 per week |
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