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Chris Jones wishes to have $200,000 in a retirement fund 30 years from now. He can create the retirement fund by making a single lump-sum

Chris Jones wishes to have $200,000 in a retirement fund 30 years from now. He can create the retirement fund by making a single lump-sum deposit today. If he can earn only 10 percent on his investments? Calculate your answer based on the PV-factor.

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