Question: 2.11. Hugh estimates that he needs $1,000,000 when he retires in 15 years. How much must he have in his current retirement account, which earns

2.11. Hugh estimates that he needs $1,000,000 when he retires in

2.11. Hugh estimates that he needs $1,000,000 when he retires in 15 years. How much must he have in his current retirement account, which earns $8% a year compounded annually, to reach his goal assuming that he adds no more to his current account

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