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How Much Would Need to Be Contributed Each Year for 30

Question 9

Multiple Choice

How much would need to be contributed each year for 30 years to accumulate $1,300,000 assuming a return on the investments of 8%? Round to the nearest dollar if needed.


A) $43,333
B) $46,800
C) $11,476
D) $15,000

Correct Answer:

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