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You want to amass $1m for a beach-front property in Virginia Beach area in 15 years when you retire. You account earns an average of

You want to amass $1m for a beach-front property in Virginia Beach area in 15 years when you retire. You account earns an average of 8% per year. How much annual contribution you need to make to achieve that goal?

A. $36,380 B. $38,630 C. $36,830 D. $34,101

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