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You want to be a millionaire when you retire in 60 years

You want to be a millionaire when you retire in 60 years. You plan to make 60 equal annual contributions to your investment account starting today, and the last contribution will be made 59 years from today. If your investment account pay 6% interest every year, how large must each annual contribution be?

Required Annual Contribution =

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Finance Basics: You want to be a millionaire when you retire in 60 years

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