At 10% per year interest, how much does he have to invest each year (starting in year 1) to reach the $1.6 million goal? (Enter your answer in dollars and not in millions of dollars.) Xavier has to invest $ each year.
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Xavier is an engineer who believes in "save now and play later." He wants to retire from full employment in 18 years with $1.6 million. At 10% per year interest, how much does he have to invest each year (starting in year 1) to reach the $1.6 million goal? (Enter your answer in dollars and not in millions of dollars.)
Xavier has to invest $ each year.
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