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You deposit $50,000 in your bank today and you want to figure out how many years you need to wait until you can retire. You
You deposit $50,000 in your bank today and you want to figure out how many years you need to wait until you can retire. You know you will be able to save $50,000 a year and you want to at least have $4,000,000 in your bank before you retire. If the interest rate is 3%, how many years do you have to wait until you meet your financial goal?
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