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You will start your career exactly two years from today when you graduate college. You will be paid biweekly, at the end of the period,
You will start your career exactly two years from today when you graduate college. You will be paid biweekly, at the end of the period, over the course of your 40-year career. At each pay, you will set aside a sum of money to be saved for your retirement. When you retire, you will need to have $1.5 million in your retirement account. If the interest rate is 9% annually during your working life, how much must each of your biweekly deposits be? (show your work)
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