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When you retire, you want to have a million dollars saved. If you plan to retire in 4 0 years, and you can receive 7

When you retire, you want to have a million dollars saved. If you plan to retire in 40 years, and you can receive 7% interest annually on a retirement account, what is the fixed amount you have to save each year?
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$75,009
$5,009
$3,009
None of the answers are correct

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