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How much do you need to invest today

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Question - You are planning to retire in 15 years with $1,000,000. You can earn 10.5% compounded quarterly. How much do you need to invest today? (Note: Answers are rounded.)

A. $166,785

B. $157,820

C. $143,775

D. $182,560

E. $193,500

F. $211,260

Reference no: EM131700904

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