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Sara wants to have $580,000 in her savings account when she retires. How much must she put in the account now, if the account pays
Sara wants to have $580,000 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 10%, to ensure that she has $580,000 in 20 years?
A. $155,183
B. $120,698
C. $86,213
D. $93,673
Please don't do in excel. Please show step by step
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