(Answered) Question - a person is planning to open a retirement

Accounting

Question - A person is planning to open a retirement account and invest an equal amount each year until retirement, which is in 38 years. This account will earn 13% per year and will have $1,750,000 in the account at retirement.

What is the amount of the annual investment?

$2,209.01

$4,704.99

$2,541.43

$3,654.94

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