Question

You wish to have $2,500,000 in your investment account forty years from now when you retire....

You wish to have $2,500,000 in your investment account forty years from now when you retire. You plan to accumulate this sum by making weekly deposits into a mutual fund compounded weekly. If the fund earns a rate of return of 12% annually, how much must you contribute each week?
(Answer is 48.76)

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