How much would you need to invest each year in an account earning 8.5% in order...

How much would you need to invest each year in an account earning 8.5% in order to have $1,000,000 thirty-five years from now? Show your work.

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Expert Solution

FROM THE ABOVE EXCEL WORK SHEET IT IS FOUND THAT BY INVESTING $4782.80 ,The value $ 1000000 can be achieved.

Colby Messinger answered 1 year ago

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