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You want $1,000,000 when you retire in 40 years. You decided to save some money every year next 10 years for your retirement. You are
You want $1,000,000 when you retire in 40 years. You decided to save some money every year next 10 years for your retirement. You are going to open Roth IRA and invest everything in Vanguard S&P 500 Funds that expect to earn 6 percent annually. If your contribution starts a year from today, how much must you contribute every year next 40 years? Round to the nearest cent. Do not include any unit (If your answer is $111.11, then type 111.11 without sign.)
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