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Constant amount of money every year

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Christine is now 40 years old. She is currently planning for her retirement and would like to have RM1,000,000 when she turns 60. She expects to earn an interest of 7% per annum on her savings. In order to achieve her retirement goal, Christine needs to save a constant amount of money every year. Advise her on how much she should set aside at the end of each year to realise her goal.

Reference no: EM133109907

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