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Dan would like to save $2,000,000 by the time he retires in 40 years and believes he can earn an annual return of 8%. How

Dan would like to save $2,000,000 by the time he retires in 40 years and believes he can earn an annual return of 8%. How much does he need to invest today to achieve his goal? A. A. $136,000

B. $92,000

C. $134,000

D. $625,000

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