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How much does he need to save

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Question - Assume that Ray is 38 years old and has 27 years for saving until he retires. He expects an APR of? 7.5% on his investments. How much does he need to save if he puts money away annually in equal end-of-the-year amounts to achieve a future value of? $1,200,000 dollars in 27? years' time?

Reference no: EM132758681

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