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Your goal is to have $100,000 at the end of 25 years. Suppose that you can invest today in a mutual fund that earns an
Your goal is to have $100,000 at the end of 25 years. Suppose that you can invest today in a mutual fund that earns an annual return of 9.10%. How much should you invest today to reach your goal?
A. | $37,285 | |
B. | $64,819 | |
C. | $11,334 | |
D. | $24,573 |
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