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what is the formula and steps to solve this question? Retire with $1 million If your goal is retire in 45 years with $1 million,

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what is the formula and steps to solve this question?

Retire with $1 million If your goal is retire in 45 years with $1 million, how much should you save per year assuming you will earn a 4% annual rate of return on your investments? A. $8,262.46 B. $16,524.91 C. $4,131.23 D. $41,312.28

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