Your daughter is born today and you want her to have $1.7 million dollars by the time she is 36 years old. You open an investment account that promises to pay 9% per year. How much money must you deposit each year, starting on her 1^st birthday and ending on her 35^th birthday, so your daughter will have $1,800,000 at age 37?

Answer rating: 100% (QA)

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