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You are 30 years old and want to have $1 million when you retire at age 60. How much do you have to save each

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You are 30 years old and want to have $1 million when you retire at age 60. How much do you have to save each year if your investments earn 7% compounded annually? (2 Marks) SHOW YOUR WORK! N= I/Y= PV = PMT= FV = Dalva is 32 and wants to have $1million when she retires at age 65. If she saves $5,000 per year what interest rate must she earn to achieve her goal? (2 Marks) N= I/Y= PV= PMT= FV=

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