You're saving for retirement and hope to have $1,000,000 in 50 years. Your account earns 5% annual interest. How would you need to deposit now if the account earns simple interest? Show work!
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Home » Mathematics » You're saving for retirement and hope to have $1,000,000 in 50 years. Your account earns 5% annual interest. How would you need to deposit now if the account earns simple interest? Show work!