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You want to accumulate $5,000,000 in retirement funds by your 65 th birthday. Today is your 30 th birthday, and you plan on making annual

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You want to accumulate $5,000,000 in retirement funds by your 65 th birthday. Today is your 30 th birthday, and you plan on making annual investments into a mutual fund that you project will earn a 10.0% annual rate of return. Your first payment will take place one year from today, and your last payment will take place on your 65 th birthday. What is the amount of the annual payment you must make each year in order to reach your goal? Record your answer as a dollar amount, rounded to two decimal places, but do not include a dollar sign or any commas in your answer. For example, enter $18,232.36987 as 18232.37

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