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You are a financial adviser working with a client who wants to retire in eight years. The client has a savings account with a local

You are a financial adviser working with a client who wants to retire in eight years. The client has a savings account with a local bank that pays 9 percent annual interest. The client wants to deposit an amount that will provide her with $1,004,500 when she retires. Currently, she has $301,800 in the account.

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