How much money does deposit be

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Today is Derrick's 25th birthday. Derrick has been advised that he needs to have $2,059,547 in his retirement account the day he turned 65. He estimated the time account will be 7% interest. I assume he chooses not to deposit anything today. Rather he chooses to me and you deposit into the retirement account starting on the 28th birthday and ending on his 65th birthday. How much money does deposit be?

Reference no: EM132373572

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