william brown is 30 years and wants to retire when he is 65. so far he...

william brown is 30 years and wants to retire when he is 65. so far he has saved (1) $6,240 in an ira account in which his money is earning 8.3 percent annually and (2) $5,630 in a money market account in which he is earning 5.25 percent annually. william wants to have $1 million when he retires. starting next year, he plans to invest the same amount of money every year until he retires in a mutual fund in which he expects to earn 7.72 percent annually. how much will william have to invest every year to achieve his savings goal?

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