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When you retire, you wish to have $3 million in your retirement account. You decided to add $2,000 every quarter to your retirement account and
When you retire, you wish to have $3 million in your retirement account. You decided to add $2,000 every quarter to your retirement account and invest to generate annualized return of 8% from your investment, how many years do you think it will take to have $3 million in the account?
Please show your work.
a. 173
b. 43
c. 54
d. 33
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