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Problem:

You are planning your retirement and you come to the conclusion that you need to have saved $1,250,000 in 30 years. You can invest into a retirement account that guarantees you a 5% annual return.

Required:

Question: How much do you have to put into your account at the end of each year to reach your retirement goal?

Note: Please solve the given numerical and provide appropriate solution.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91174775

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