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Mathematics
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I always give medals and make myself a fan! Please help!
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Ok whats the question
What is your question hun?
John would like to save $1,500,000 by the time he retires in 30 years and believes he can earn an annual return of 8%. How much does he need to invest each year to achieve his goal?
another example if it help
56. Ian would like to save $1,500,000 by the time he retires in 40 years. If he believes that he can achieve a 7% rate of return, how much does he need to deposit each year to achieve his goal? A. $9,692 B. $37,500 C. $5,790 D. $7,514
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the answer is d
how did u get it?
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