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You want to twave $1,500,000 when you retire and you are in a defined contributlon plan. You can eam 10 percent per year on the

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You want to twave $1,500,000 when you retire and you are in a defined contributlon plan. You can eam 10 percent per year on the money irvested and you will retire in 30 years. Your employer also contributes to your plar. The employer will contribute 4 percent of what you put into the plan each year. How much do you have to contribute per year to meet your goal? (Do not round intermediate calculabons. Round your final answer to fwo decimai places te. 2.87973

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