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QUESTION
In order to have saved $1,250,000 in 30 years. You can invest into a retirement account that guarantees you a 5% annual return.
In order to have saved $1,250,000 in 30 years. You can invest into a retirement account that guarantees you a 5% annual return. How much do you have to put into your account at the end of each year to reach your retirement goal?
I believe the answer to this is $23.346.59
