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You have decided that you want to have $1,000,000 (i.e. be a millionaire) when you retire in 30 years. If you can earn a 8%

You have decided that you want to have $1,000,000 (i.e. be a millionaire) when you retire in 30 years. If you can earn a 8% return, how much do you have to invest today?

I have to invest $_________, today.

If you can earn an 12% return, how much do you have to invest today?

I have to invest $_________, today.

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