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Bookmatch 5-1 (book/static) Question Help (Power of Compounding) If you'd like to have $5,000,000 at retirement in 45 years and you expect to earn 10

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Bookmatch 5-1 (book/static) Question Help (Power of Compounding) If you'd like to have $5,000,000 at retirement in 45 years and you expect to earn 10 percent annually, which is around the average return over the past 50 years, what lump sum would you have to invest today? The lump sum you would have to invest today is $ (Round to the nearest cent.)

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