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You plan on saving money for retirement in 30 years, at which time you wish to have saved $1,000,000. In order to do so you
You plan on saving money for retirement in 30 years, at which time you wish to have saved $1,000,000. In order to do so you plan on depositing $x every year until your retirement day (last deposit of $x at t=30). If the interest rate is 6% p.a, what is the $x you must deposit?
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