Question: Please help answer A financial planner estimates that you should have $2 million in your account by the time you retire 35 years from now.

Please help answer A financial planner estimates that you should have $2 Please help answer

A financial planner estimates that you should have $2 million in your account by the time you retire 35 years from now. If you can earn an annual rate of 5%, how much must you deposit into your account at the end of each of the next 35 years in order to have the recommended amount? A) Between $55,000 and $60,000 C) Between $45,000 and $50,000 B) A little more than $22,000 D) A little less than $55,000

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