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Mathematics, 23.11.2019 17:31 ultimatesaiyan
Afinancial advisor tells you that you can make your child a millionaire if you just start saving early. you decide to put an equal amount each year into an investment account that earns 7.5% interest per year, starting on the day your child is born. how much would you need to invest each year (rounded to the nearest dollar) to accumulate a million for your child by the time he is 35 years old? (your last deposit will be made on his 34th birthday.)
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