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Suppose you want to retire in 30 years and you expect to need $1,000,000 for retirement expenses. You currently have $100,000 saved, and you plan

Suppose you want to retire in 30 years and you expect to need $1,000,000 for retirement expenses. You currently have $100,000 saved, and you plan to make annual contributions of $20,000 to your retirement account. Assuming an annual return rate of 7%, how much will you have saved for retirement after 30 years?

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