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Sara wants to have $600,000 in her savings account when she retires, How much must she put in the account now, if the account pays
Sara wants to have $600,000 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 $600,000 in 818 years time?
a. $194,247
b. $107,915
c. $114,639
d. $151,081
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