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You would like to have accumulated $1.8 million in investments when you retire in 26 years. You currently have $28,000 in investments. You expect your

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You would like to have accumulated $1.8 million in investments when you retire in 26 years. You currently have $28,000 in investments. You expect your investments achieve 8 % per annum between now and retirement (compounded yearly). How much extra will you need to save at the end of each year until retirement? You should assume that the first cash flow is in one year and the last cash flow is in 26 years. You should ignore tax and inflation. Your answer should be to the nearest dollar and you should not include dollar signs or commas

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