Katie is 25 years old and wants to save $1 million for retirement in 40 years. Assume she invests in a savings account that earns at least the current rate of inflation (6.9%). Determine how much money Katie must save based on the number of years that she waits to start saving to reach her retirement goal. Years of Waiting to Save Principal Required 0   10   20   30   40 $1,000,000

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