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You plan to retire as soon as you have accumulated $1,000,000 through bi-weekly payments of $75 made at the end of the period. You deposit
You plan to retire as soon as you have accumulated $1,000,000 through bi-weekly payments of $75 made at the end of the period. You deposit $12,000 into this account from an account at a previous job. If you invest this money at 8.75% interest, compounded daily, how many years will it take for you to retire?
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