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Assuming a compound annual return

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Carmine wishes to save $1,100,000 for retirement, which is 30 years away. How much must be saved at the end of each year to reach this goal, assuming a compound annual return of 7%?

  • $88,645.04
  • $10,678.82
  • $9,980.21
  • $11,645.04

Reference no: EM131152644

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