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Sara wants to have $550,000 in her savings account when she retires. How much must she put in the account now, if the account pays

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Sara wants to have $550,000 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 $550,000 in 25 years time? A. $73,820 B. $63,782 C. $89,295 D. $114,808

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