Rachel wants to retire in 30 years at the age of 50 years old. At the time of retirement, she wants to have $2,000,000 saved up. How much does she have to invest right now at an interest rate of 8% to achieve her goal? Present Value of a $1 Present Value of an Annuity of $1 Future Value of a $1 Future Value of an Annuity of $1 Period 8% Period 8% Period 8% Period 8% 5 0.681 5 3.993 5 1.469 5 7.877 10 0.463 10 6.710 10 2.159 10 5.361 15 0.315 15 8.559 15 3.172 15 3.649 20 0.215 20 9.818 20 4.661 20 2.483 25 0.146 25 10.675 25 6.848 25 1.690 30 0.099 30 11.258 30 10.063 30 1.150 $198.000 $210,000 $140,000 $160,000