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Posted on Sep 09, 2024

You planned to retire in 30 years and you have calculated that you will need to save 2 million dollars by then to retire comfortably.

You planned to retire in 30 years and you have calculated that you will need to save 2 million dollars by then to retire comfortably.

Assuming that an interest rate is 3.5 percent annually,

How much must you put into your retirement savings account at the end of each year between now and retirement?

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