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You are saving for retirement. To live comlortobly, you decide you wial need to sove $1 milion by the time you aro 65 . Todoy

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You are saving for retirement. To live comlortobly, you decide you wial need to sove $1 milion by the time you aro 65 . Todoy is your 26 h birthday, ard you decide, starting today and continuing on overy birthday up to and including your 65th birthday, that you will put the same amount into a savings account, if the inferest rate is 3%, how much must you set aside each year to make sure that you will have $1 millon in the account on your 65 th bithday? The amount to deposit each year is 3 (Round to she nearest dolar)

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