Explain the annual investment contribution

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Suppose that you're a financial planner, and a client is seeking your advice on how much money she'll need to retire in 25 years and accumulate $2,500,000 over that time period. She has already saved $85,000.00 and wants to know what her annual investment contribution should be. Assume the portfolio will earn 7 percent per year compounded annually. Report the result of your calculations and how you arrived at the answer.

Reference no: EM133114499

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