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Time value of money2 You want to retire a millionaire when you are 65. Currently, you have $20,000 in savings and are 30 years old.
Time value of money2 You want to retire a millionaire when you are 65. Currently, you have $20,000 in savings and are 30 years old. How much will you have to save each year for the next 35 years in order to have $1,000,000? Assume you earn 9% on your savings every year. Round off your final answer to three digits after the decimal point. State your answer as 'x.xxx
Time value of money2
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