Question: Mitch opened a retirement account that has an annual yield of 4.2%. He is planning on retiring in 13 years. How much must he deposit

Mitch opened a retirement account that has an annual yield of 4.2%. He is planning on retiring in 13 years. How much must he deposit into that account each year so that he can have a total of $1,000,000 by the time he retires? Round to the nearest $10,000 dollars.

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