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Chuck has a plan to retire in 35 years with $1,000,000. How much will Chuck need to invest to achieve his goal if he receives
Chuck has a plan to retire in 35 years with $1,000,000. How much will Chuck need to invest to achieve his goal if he receives an 8.5% return (compounded annually) on his investment? Select one: a Less than $40,000 O b. Between $40,000 and $45,000 c. Between $45,000 and $50,000 d. Between $50,000 and $55,000 e. Greater than $55,000
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