James Perkins wants to have a million dollars at retirement, which is 20 years away....
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Accounting
James Perkins wants to have a million dollars at retirement, which is 20 years away. He already has $100,000 in an IRA earning 6 percent annually. How much does he need to save each year, beginning at the end of this year, to reach his target? Assume he could earn 6 percent annually on any investment he makes. (Round to the nearest dollar.)
12,353
13,464
14,576
18,466
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