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Suppose you want to be a millionaire when you retire on your 60^th birthday. What equal annual amount would you need to deposit today (on
Suppose you want to be a millionaire when you retire on your 60^th birthday. What equal annual amount would you need to deposit today (on your 25^th birthday) and every year thereafter to be a millionaire when you retire on your 60^th birthday? Assume your investments can earn 5% compounded annually
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