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You believe you will need to have saved $480,000 by the entire time you retire in 40 years in order to live comfortably.

You believe you will need to have saved $480,000 by the entire time

you retire in 40 years in order to live comfortably. If the interest rate is 6% per year, how much must you save each year to meet your retirement goal? Round 2 decimal places

annual savings

 
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