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You are 30 years old now and want to start a retirement plan today. You want to deposit certain amount of savings to a retirement
You are 30 years old now and want to start a retirement plan today. You want to deposit certain amount of savings to a retirement fund every year. Your goal is to have $1 million at your retirement age (65 years old). And your rate of investment in the retirement fund is 4% APR. How much would need to be invested every year?
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