How much must you invest each year to achieve your goal, Financial Management

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How much must you invest each year to achieve your goal

Question

You want have $5 million when you retire in 40 years. You believe you can earn 9% per year on your investment. How much must you invest each year to achieve your goal when you retire? (Ignore all taxes)

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Financial Management: How much must you invest each year to achieve your goal

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