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You just turned 25 years old yesterday. You have twin daughters that are two years today. You want to pay each daughter $40,000 per year

You just turned 25 years old yesterday. You have twin daughters that are two years today. You want to pay each daughter $40,000 per year for five years for anticipated college expenses. You want to save $5,000,000 by the time you are 65. How much will you need to save each year starting today if you earn 8% on your investment annuually to reach your goal?

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