Question: You are trying to decide how much to save for retirement. Assume you plan to save $5,000 per year with the first investment made one

You are trying to decide how much to save for retirement. Assume you plan to save $5,000 per year with the first investment made one year from now. You think you can earn 10% per year on your investments and you plan to retire in 43 years, one year after making your last $5,000 investment.

Assuming the most you can afford to save is $1,000 per year, but you want to have $2,000,000 in your investment account on the day of your last deposit, how high of a return do you need to earn on your investments?

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