Question: He estimates that he will need $5,740, if he can invest his money in an S&P 500 equity index fund that is expected to earn

He estimates that he will need $5,740, if he can invest his money in an S&P 500 equity index fund that is expected to earn an average annual return of 10.2% over the next 3 years, how much will he have to save every year if he starts saving at the end of this year?

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