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Posted on Jul 16, 2024

Assume you are currently 4 0 - years old and just received an inheritance of $ 1 2 5 , 0 0 0 . You

Assume you are currently

40 -

years old and just received an inheritance of $

125, 000 .

You want the retirement fund to grow to be $

500, 000

by the time you retire at the age of

67 .

If an investment available to you will yield

6 %

per year, how much must you invest in a lump sum now to realize the $

500, 000

when you retire?

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