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You want to retire in 46 years with $10,000,000. You plan to start saving next year and then growing each retirement contribution by 1% per
You want to retire in 46 years with $10,000,000. You plan to start saving next year and then growing each retirement contribution by 1% per year. You are confident that you can compound your savings at 9% per year. How much must your first payment be?
(future value of growing annuity problem) - please show work
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