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You want to ensure a comfortable retirement for yourself and figure you will need to have $1,000,000 in savings when you retire 30 years from
You want to ensure a comfortable retirement for yourself and figure you will need to have $1,000,000 in savings when you retire 30 years from now. If the interest rate is 6% per year, how much do you need to set aside each year to accumulate the $1,000,000? Round your answer to two decimals.
Answer $[a]:
The answer I did was 11,677.55. I am not sure where I did it wrong. Please show steps.
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