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You want to have $1,000,000 in 40 years from now. How much do you need today if you can make 8% per year from your

You want to have $1,000,000 in 40 years from now. How much do you need today if you can make 8% per year from your investment?

d. $97,222

b. $46,031

c. $21,724,522

a. $460,031

Please show your work.

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