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Shawn, 3 2 , wants to be a millionaire, plans to retire at the end of 6 0 years. He plan is to invest his

Shawn, 32, wants to be a millionaire, plans to retire at the end of 60 years. He plan is to invest his money by depositing into an EPF at the end of every year. What is the amount that he needs to deposit annually in order to accumulate RM2,000,000? Assume that the account will earn an annual rate of 6.25%.

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