How much do you need to save each year to meet your goal

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Reference no: EM131506870

Please make sure that you use formulas in Excel or type the answers on the Excel sheet.

You and your spouse conclude that you would like to have $1,000,000 saved up in 30 years when you expect to retire. If you can earn 9% per year in a retirement fund, how much do you need to save each year to meet your goal?

Reference no: EM131506870

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