Business, 28.02.2020 05:50 Theresab2021

You have determined that you will need to accumulate $1,000,000 in your retirement account in order to cover your inflation adjusted shortfall. Which of the following is closest to the amount of money you would need to put into a tax deferred retirement account every year if you plan on retiring in 40 years? Assume an 8% average return on this account, and that it is empty today.

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