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Suppose you plan to have $40,000 in 20 years from now and you can invest your savings at 9% compounded continuously. Assuming you can save

Suppose you plan to have $40,000 in 20 years from now and you can invest your savings at 9% compounded continuously. Assuming you can save the same amount of money each year, how much do you need to save on a yearly basis in order to achieve your goal? Hint: Treat your savings as an income stream.

Yearly savings (exact value)=

Yearly savings (rounded to the nearest cent) =

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