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You would like to retire with $1 million in your account at the end of 40 years. How much would you have to deposit per
You would like to retire with $1 million in your account at the end of 40 years. How much would you have to deposit per year into a 401K plan to meet your goal, assuming the money is invested in:
a: T-bills paying 5% per year.
b: The Stock Market with an expected return per year of 10%?
please show work and formulas.
please dont use excel.
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