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Can reach the goal of dollar one million when retires

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Problem 1: John is 35 years old right now. He needs $1 million at age of 65 to retire. If he could put $1600 into his retirement account such as company 401K every month. And his investments could generate 5% annually. Can he reach his goal of $1 million When he retires?

Reference no: EM133005999

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