Question: John is 35 years old right now. He needs $1,000,000 at age of 65 to retire. If his 401K account can generate an average annual

  1. John is 35 years old right now. He needs $1,000,000 at age of 65 to retire. If his 401K account can generate an average annual rate of return of 6%, how much money he needs to put in right now?

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