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You are planning to retire in 15 years with $1,000,000.You can earn 12.5% compounded quarterly. How much do you need to invest today? (Note: Answers

You are planning to retire in 15 years with $1,000,000.You can earn 12.5% compounded quarterly. How much do you need to invest today? (Note: Answers are rounded.)

$193,500

$166,780

$211,260

$182,560

$143,770

$157,820

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