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You would like to have $2,000,000 saved when you retire in 30 years. If you put aside $16,000 annually at the end of the year
You would like to have $2,000,000 saved when you retire in 30 years. If you put aside $16,000 annually at the end of the year for the next 30 years, assuming your investment returns 7% per year, can you meet your retirement goal? (Please show your work and state how much would you accumulate in 30 years.)
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