Recently got married are planning

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Two engineering graduates who recently got married are planning for their early retirement 20 years from now. They believe that they will need $20,100,000 in year 20. Their plan is to live on one of their salaries and invest the other. they already have $21,000 in their investment account. How much will they have to invest each year if the account grows at a rate of 16% per year?

Reference no: EM13739617

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