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PLease answer the question fully ASAP with the correct answers. You have decided that you want to be a millionaire when you retire in 44
PLease answer the question fully ASAP with the correct answers. You have decided that you want to be a millionaire when you retire in 44 years. |
a. | If you can earn an annual return of 11.34 percent, how much do you have to invest today? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
b. | What if you can earn an annual return of 5.67 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
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