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ans pls Ex 1. An investor wants to have $1 million when she retires in 20 years. If she can earn a 10 percent annual
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Ex 1. An investor wants to have $1 million when she retires in 20 years. If she can earn a 10 percent annual return, compounded annually, on her investments, the lump-sum amount she would need to invest today to reach her goal is closest to: A. $100,000. B. $117,459. C. $148,644. D. $161,506Step by Step Solution
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Financial Accounting The Impact On Decision Makers
Authors: Curtis L. Norton, Gary A. Porter
6th Edition
9781439037119, 1439037116
