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Sara wants to have $530,000 in her savings account when she retires. How much must she put in the account now, if the account pays
Sara wants to have
$530,000
in her savings account when she retires. How much must she put in the account now, if the account pays a fixed interest rate of
9%,
to ensure that she has
$530,000
in
18
years time?
A.
$112,357
B.
$202,243
C.
$157,300
D. 119,492
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