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You have decided that you want to be a millionaire when you retire in 4 5 years. If you can earn an annual return of

You have decided that you want to be a millionaire when you retire in 45 years.
If you can earn an annual return of 11.32 percent, how much do you have to invest today?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.
What if you can earn an annual return of 5.66 percent?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.

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