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Shenli would like to plan for retirement. With the help of a financial planner, she estimates that she will need $3,000,000 when she retires 30
Shenli would like to plan for retirement. With the help of a financial planner, she estimates that she will need $3,000,000 when she retires 30 years from now. Assume her investments produce returns of 11% per year. How much would Shenli need to save each year if she makes equal end of year deposits for the next 30 years that she works?
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