You plan to make deposits into a retirement account and have set a goal of having $2
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Question:
You plan to make deposits into a retirement account and have set a goal of having $2 million in the account when you retire. You forecast you can earn interest at a 6% rate. How many years will it take for you to reach your retirement goal if, at the end of each year, you deposit:
a. $10,000
b. $20,000
c. $30,000?
d. $40,000
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