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Your friend, a recent college graduate, has just landed her first job earning $ 6 0 , 0 0 0 per year. She is 2

Your friend, a recent college graduate, has just landed her first job earning $60,000 per year. She is 25 years old, plans to work for 35 years, and wants to accumulate a portfolio valued at $2,000,000 for retirement. Currently, she plans to invest 6% of her annual salary to accomplish her portfolio goals. She is also making the following assumptions:
Her salary will increase at a rate of 5% annually.
The return on her investment portfolio will grow at a rate of 10% per year.

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