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Suppose you need to accumulate $2,500,000 and have it available 30 years from now. Suppose further that you can earn a return of 8% on
Suppose you need to accumulate $2,500,000 and have it available 30 years from now. Suppose further that you can earn a return of 8% on your investments, which are currently at $5,000. How much do you need to save at the end of each year?
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