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Present Value 1: (5 points) Happy 30th Birthday! You want to have $1,000,000 on your 60th birthday so you can retire comfortably. With an

Present Value 1: (5 points) Happy 30th Birthday! You want to have $1,000,000 on your 60th birthday so you can retire comfortably. With an annual rate of return of 10% how much do you need to invest on your 30th birthday?

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