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you have an older brother who plans to marry his long-time girlfriend after six years. The couple estimated that they need 1 million for their
you have an older brother who plans to marry his long-time girlfriend after six years. The couple estimated that they need 1 million for their wedding six years from now. They plan to save the same amount of money each year starting the end of this year in order to cover for the wedding expenses. If they can invest their money in an instrument that yields 5% annually, how much do they need to save every year?
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