Question: How much do you need to save each year for 30 years in order to have $775,000, assuming you are investing the money in an

  1. How much do you need to save each year for 30 years in order to have $775,000, assuming you are investing the money in an account that earns 8%? (4 points) How much of the $775,000 comes from principal (your out of pocket costs)? (1 point)

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