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Jane can invest in an asset that pays an interest rate of 5%. She is looking to retire in 10 years and realizes that in

Jane can invest in an asset that pays an interest rate of 5%. She is looking to retire in 10 years and realizes that in order to maintain her preferred lifestyle she will need 3,000,000 dollars at that time. How much does Jane have to invest now in order to reach her target at the time of her retirement, if:

Interest is compounded annually?

Interest is compounded semi-annually?

Interest is compounded monthly?

Interest is compounded continuously?

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