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Amy wants to have $530k in her savings account when she retires. How much must she put in the account now, if the account lays

Amy wants to have $530k in her savings account when she retires.

How much must she put in the account now, if the account lays a fixed interest rate of 9%, to ensure that she has $530k in 18 yrs time?

A. $157,300

B. $112,357

C. $202,243

D. $119,492

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