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A security that promises to pay annual interest or $250 forever and has an annual interest rate of 7% would have a price of? A

A security that promises to pay annual interest or $250 forever and has an annual interest rate of 7% would have a price of?

A financial planner recommends that you have accumulated $1.5 million by the time that you retire in 30 years. If you can earn an annual rate of return of 4%, how much must you invest for each of the next 30 years in order to achieve this goal?

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