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Using HP 10b11 financial calculator. Need Variables to input into cal. You plan to retire in 40 years and would like to have $2,000,000 in
Using HP 10b11 financial calculator. Need Variables to input into cal.
You plan to retire in 40 years and would like to have $2,000,000 in your savings account when you do. (a) What amount would you have to add to your savings account at the end of each year for the next 35 years to achieve your goal if you thought that you could earn a 8% annual rate of return?
(b) What amount would you have to add at the end of each year if you thought you could earn a 10% annual rate of return?
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