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You identify an investment opportunity that you feel will yield 1 2 % . You want $ 1 , 0 0 0 , 0 0

You identify an investment opportunity that you feel will yield 12%. You want $1,000,000 in this investment by the time you turn 65 and your current age is 25. How much will you need to invest today with the assumption you will not make any additional payments into the investment? Assume annual compounding. Enter your answer as a positive number without comma separators and round to the nearest whole dollar.

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