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You have 2 5 years left until retirement and want to retire with $ 2 . 1 million. Your salary is paid annually and you
You have years left until retirement and want to retire with $ million. Your salary is paid annually and you will receive $ at the end of the current year. Your salary will increase at percent per year, and you can earn a return of percent on the money you invest. If you save a constant percentage of your salary, what percentage of your salary must you save each year? Do not round intermediate calculations and enter your answer as a percent rounded to decimal places, eg
Percentage of salary
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